Registered Insurance Brokers of Ontario (RIBO) Practice Exam

What does Uninsured Automobile coverage specifically cover under the OAP 1 Owner's Form?

1. Liability for injuries to the driver

2. Accidental damage to the insured's automobile

3. Rental costs of another vehicle

4. Damage from natural disasters

The correct answer is: Accidental damage to the insured's automobile

Uninsured Automobile coverage under the OAP 1 Owner's Form is designed to protect the insured in situations where they are involved in an accident caused by an uninsured driver or by a hit-and-run driver. The coverage is specifically tailored to cover losses related to bodily injury and damages to the insured vehicle, ensuring that the insured is not left without recourse due to the other party's lack of insurance. While it’s important to understand the various other aspects of automobile insurance, they do not apply in this context. For example, liability for injuries to the driver would typically fall under a different category, ensuring protection from claims made against the insured. Accidental damage to the insured's automobile might be covered under comprehensive or collision coverage rather than specifically under uninsured motorist coverage. Additionally, costs associated with renting another vehicle are separate from what uninsured coverage addresses, as they are typically covered under rental reimbursement options. Lastly, damage from natural disasters would generally fall under comprehensive coverage rather than being related to the actions or inactions of other drivers.