Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Which of the following would NOT be covered under standard property insurance?

1. Fire damage to a building

2. Theft of personal property

3. Flood damage

4. Vandalism

The correct answer is: Flood damage

The correct response highlights that flood damage is typically not covered under standard property insurance policies. Standard property insurance often excludes certain types of perils, and flooding is among the most common exclusions. Policyholders typically need to purchase additional flood insurance to be protected from such risks. Fire damage, theft of personal property, and vandalism are generally covered under standard property insurance policies, as they fall under more commonly insured risks. Therefore, flood damage stands out as a notable exclusion, affirming that this is the answer to the question regarding coverage limitations in standard property insurance.