Registered Insurance Brokers of Ontario (RIBO) Practice Exam

What type of loss does not need to be reported to the police under the RIBO homeowner's form?

1. Theft of personal property.

2. Riot disturbances.

3. Accidental fire damage.

4. Loss of property during a storm.

The correct answer is: Riot disturbances.

The correct answer pertains to the type of loss that typically does not require police involvement under the RIBO homeowner's form, which is associated with riot disturbances. In cases of riot or civil commotion, while there may be damage or loss, it is often categorized under incidents that are larger in scale, where police are not specifically necessary for reporting individual instances of loss or damage. In contrast, theft of personal property is a criminal act and generally must be reported to the police to assist in the investigation and recovery of stolen items. Additionally, accidental fire damage would likely necessitate a police report if there is suspicion of foul play or to aid in investigations regarding the cause of the fire. Similarly, loss of property during a storm, particularly if there are questions about claims or potential negligence, may require reporting for insurance purposes and possible police involvement, especially if related to hazardous scenarios. Thus, riot disturbances are distinct in that personal reports to the police for individual losses are typically not required, making it the option that aligns with the question's parameters.