Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Question: 1 / 475

A newly acquired automobile is automatically covered for a period of 14 days. This coverage is limited to:

Those coverages which applied to the vehicle replaced

This insurance coverage only applies to the specific vehicle that was newly acquired. It does not extend to any other vehicle and is limited to a period of 14 days. This means that the other options, such as private passenger vehicles, vehicles used for pleasure purposes, or vehicles that replace an already insured vehicle, are all incorrect as they do not accurately reflect the limited and specific coverage in this scenario.

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Private Passenger Vehicles Only

A vehicle which replaces one already insured under this policy

Vehicles used chiefly for pleasure purposes

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