Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Question: 1 / 475

Which coverage does OAP 1 Owner's Form typically include?

Only liability coverage

Liability, Accident Benefits and Comprehensive

The OAP 1 Owner's Form is a specific type of automobile insurance policy in Ontario that provides a comprehensive set of coverages for individual vehicle owners. This form typically includes liability coverage, which protects against claims made by third parties for bodily injury or property damage caused by the insured vehicle. Additionally, it encompasses Accident Benefits, which offer coverage for medical expenses and income replacement for the insured, regardless of fault in an accident. The Comprehensive coverage included in the OAP 1 protects against various non-collision related incidents such as theft, vandalism, and damage from weather events. This combination of coverages makes the OAP 1 a robust policy option for vehicle owners, addressing both their liability to others and their own needs in the event of an accident or other damages.

Get further explanation with Examzify DeepDiveBeta

Only property coverage

Only special risk coverage

Next Question

Report this question

Download Registered Insurance Brokers of Ontario (RIBO) Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy