1) Should you call the police?
Having failed to locate the watch after a complete search of the entire compound, including the house and washrooms, I would call the other guest to ask if someone spotted it. Secondly, I would verify that my friend indeed came to the party with the watch. If all guests confirm they do not have the clock, I would then call the police. The police report would be detailed and record the last time my friend recalls having the watch.
2) Is this apparent loss covered by the parents’ home owner’s insurance?
The apparent loss is not covered in the home owner’s insurance since it’s a basic policy. The insurance covers personal liability of guests in terms of physical injuries. For example, if my friend broke her ankle within my parent’s compound, then her medical bills would be covered by our home owner’s insurance.
3) If not, what insurance might cover this loss?
A comprehensive home owner’s policy would pay for the lost watch. In the cahttps://essaygroom.com/the-final-call-season-2/se that my parents have a plan in which they pay extra to cover for the items of our guests, then the insurance would replace the watch. However, the report with the insurance company would need to be filled immediately to avoid delays and avail sufficient tie for verification of the lost. Secondly, If my friend has personal home insurance with a scheduled property clause to cater for the expensive watch, her insurer would replace the lost item.
4) What should happen if your friend receives a replacement watch via an insurance claim then, 3 months later, your mother calls you to say she discovered the lost watch on the ground while pruning a front lawn plant?
In the case that the watch is recovered after my friend has been paid for its previous loss, she is legally obligated to report the found watch. The old watch technically belongs to the insurance company and failing to report its reappearance constitutes theft or insurance fraud.