Ace the 2025 RIBO Exam – Boost Your Insurance Broker Swagger!

Question: 1 / 475

The owner's policy or insurance coverage on a specified automobile is:

Excess Coverage

Primary Coverage

The owner's policy or insurance coverage on a specified automobile is B Primary Coverage because it refers to the first or main coverage that will provide the initial benefits in the event of a claim. A: Excess Coverage is a secondary or additional layer of coverage that may kick in after the primary coverage has been exhausted. C: Secondary Coverage comes into play only when the primary insurance does not cover the full cost of a loss. D: Optional Coverage is additional coverage that the owner chooses to add to their policy for specific needs, such as comprehensive or collision coverage.

Get further explanation with Examzify DeepDiveBeta

Secondary Coverage

Optional Coverage

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy