Registered Insurance Brokers of Ontario (RIBO) Practice Exam

Third Party Liability coverage refers to protection for damages caused by the insured to another party or their property. In this case, a passenger in the automobile, the named insured, and a person with permission to drive the automobile are all considered third parties. Therefore, they would all be covered under this policy. However, someone who takes the insured automobile without consent would not be covered under this policy, as they are not a third party. They would fall under the category of auto theft, which requires a different type of coverage.