Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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Prepare for the Registered Insurance Brokers of Ontario Exam with comprehensive quizzes, flashcards, and expert tips. Build your confidence and knowledge to succeed in your licensing journey!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

An insured automobile is hit in a parking lot by another motorist while the insured is shopping. When the insured returns to the automobile, and there are no witnesses to the accident The insured can claim the damage from:

the Liability section of his policy.
the Direct Compensation- Property Damage section of his policy.
the Uninsured Automobile portion of his policy.
none of the above.

The correct answer is: none of the above.

If there are no witnesses to the accident and the insured was not present when the accident happened, they would not be able to make a claim under any section of their policy. This is because there is no evidence or information about the cause of the accident or the responsible party. Without this crucial information, the insurance company cannot determine liability and therefore cannot cover the damages. Options A, B, and C all suggest potential sections of the policy that could cover the damage, but without any proof or witnesses, the insured would not be able to utilize these options. Option D is the most accurate as it acknowledges the lack of coverage in this specific situation.