Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Question: 1 / 475

Under the fire statutory condition Entry-Control-Abandonment, what is the insurer not entitled to?

Access to inspection of damages

Control or possession of the property damaged

The correct answer is that the insurer is not entitled to control or possession of the property damaged. The Entry-Control-Abandonment condition ensures that while the insurer has the right to inspect the property and assess the damages for underwriting and claim evaluation, they do not take over control or possession of the damaged property. This reinforces the principle that the policyholder retains ownership and control over their property, even after a loss.

Understanding this condition is essential as it delineates the boundaries of the insurer's responsibilities and rights regarding the damaged property. The policyholder remains in charge of their property and any decisions about its handling following a loss. Consequently, options regarding access to inspection, claim payments for repairs, or ownership of the damaged property do not restrict the insurer's rights in the same way, as these can still be part of the claims process.

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Claim payments for repairs

Ownership of the damaged property

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