Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Which of the following is not a group of exclusions under all-risks policies?

1. Losses that are accidental.

2. Losses caused by natural disasters.

3. Losses due to intentional acts.

4. Losses from theft.

The correct answer is: Losses that are accidental.

The correct choice highlights that "losses that are accidental" would not typically be classified as an exclusion under all-risks policies. All-risks insurance is designed to provide broad coverage, usually covering any risks unless they are specifically excluded in the policy wording. Accidental losses are usually covered since the essence of this type of policy is to protect against unforeseen events. On the other hand, losses caused by natural disasters are generally excluded in many all-risks policies, as their impact can be immense and predictable in terms of risk exposure (like floods, earthquakes, etc.). Intentional acts are also commonly excluded due to the principle that insurance is not meant to protect against deliberate actions taken by the insured party. Finally, losses from theft can also be excluded based on specific policy terms, particularly if proper security measures are not maintained. This context helps to clarify why accidental losses would be the exception in the realm of exclusions under this type of insurance coverage.