RIBO Exam Practice 2025 – Complete Prep Resource

Personal articles coverage does indeed include protection for newly acquired property under certain conditions, making this statement true. This type of coverage typically allows for insured individuals to automatically receive coverage for newly acquired items that are similar to those already covered by their policy. This feature is valuable because it provides immediate protection without the need for immediate reporting or adjustment of the policy, ensuring that policyholders are safeguarded against potential losses during the period of acquisition.

The rationale behind allowing coverage for newly acquired property is to offer convenience and peace of mind to the insured, recognizing that individuals often purchase new items without the immediate opportunity to update their insurance policies. However, it's important to note that there are often limits or specific conditions outlined in the policy regarding the amount of coverage for newly acquired property, which is why understanding the terms of the policy is crucial.

While options pertaining to exclusive conditions or immediate reporting constraints may seem relevant, they do not capture the broader provision that personal articles coverage generally allows for newly acquired possessions within specified limits and timeframes.