Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Which exclusions are typically found on a Glass Policy?

1. Natural disasters, theft, and vandalism

2. Fire, war, nuclear damage

3. Wear and tear, flooding, and earthquake damage

4. Accidental breakage and personal negligence

The correct answer is: Fire, war, nuclear damage

The best choice aligns with common exclusions found in a Glass Policy due to the nature of the coverage and the specific risks it is designed to address. Glass Policies typically exclude damages from scenarios that fall outside typical wear-and-tear or accidental incidents. Natural disasters like earthquakes or flooding (not typically covered under a standard glass policy) and catastrophic events such as war or nuclear damage are excluded as they represent significant risks that are generally addressed by separate or more comprehensive insurance policies. The other options, while they might contain elements that could be excluded under certain circumstances, do not effectively capture the broader scope of exclusions seen in a Glass Policy. For instance, wear and tear refers to routine deterioration, which is often excluded, but this does not encompass the catastrophic nature of the exclusions listed in the correct response. Similarly, while theft and vandalism might be covered in some contexts, they are often not included in standard glass coverage. This understanding affirms the nature of the risks associated with glass coverage, focusing on these larger, uncontrollable risks that are typically not part of a standard policy's coverage scope.