Registered Insurance Brokers of Ontario (RIBO) Practice Exam

The correct response accurately reflects the guidelines set forth in the RIBO homeowner's form regarding the movement of property to safeguard it from potential loss. When property is relocated to avoid damage or loss, coverage is maintained for a limited time period of 30 days. This temporary extension allows insured individuals to ensure their property is protected while they are taking necessary actions to secure it.

The other options present misunderstandings about the coverage terms. For instance, the notion that coverage would last for 90 days is inaccurate according to these guidelines, as they specifically limit the extension to a shorter duration. The assertion that no coverage is provided contradicts the provisions in the homeowner's form, which does indeed allow for temporary coverage under specified conditions. Lastly, the idea that coverage applies solely when property is moved to a safer location overlooks the fact that the 30-day coverage is applicable regardless of the final destination, as long as the intention is to protect the property.