Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Start Multiple Choice Practice Test
Start Flash Cards

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.

Which of the following losses would a standard $300 deductible not apply to?

  1. Theft of your auto's CD player.

  2. Theft of your entire auto.

  3. Lightening damage to your vehicle.

  4. A broken window or damage to the instrument panel of your auto as a result of attempted theft.

The correct answer is: Lightening damage to your vehicle.

Lightening damage to your vehicle. While a standard $300 deductible may apply to most losses, it would not apply to damage caused by a natural event such as lightening. Options A and B are incorrect because they both involve theft and a standard deductible would likely apply. Option D is incorrect because it involves attempted theft, which is still considered a type of theft and would likely be subject to a deductible.

More Questions Like This