Registered Insurance Brokers of Ontario (RIBO) Practice Exam

The correct answer is 30 days because a Tenants Comprehensive policy provides coverage for personal property in a storage warehouse for a limited period before certain limits start to apply. Specifically, this policy usually allows for coverage of personal property stored in a warehouse for a maximum of 30 consecutive days.

Understanding this timeframe is essential for both brokers and clients when making decisions about coverage and risk management. If property is stored beyond this period without additional coverage arrangements, limitations may significantly reduce the insurance company's responsibility in case of loss or damage.

Considering the other options, 15 days is often too short for typical situations involving stored property, while 60 and 90 days extend beyond the standard coverage limitations specified in this policy, leading to a potential misunderstanding of how coverage timelines work. Being aware of this limitation helps ensure proper protection for clients who intend to store their belongings.