Registered Insurance Brokers of Ontario (RIBO) Practice Exam

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Where would you find Upset Coverage under the OAP1?

  1. In the Specified Perils Coverage.

  2. Within the Collision Coverage Only.

  3. In the Comprehensive Coverage.

  4. In both the Collision and All Perils Coverage.

The correct answer is: In both the Collision and All Perils Coverage.

"Upset Coverage" refers to coverage for any damages caused by the vehicle overturning or tipping over. This type of coverage can be found under the OAP1, which stands for the Ontario Automobile Policy, in both the Collision and All Perils Coverage sections. Option A is incorrect because "Specified Perils Coverage" only covers damages caused by specific events listed in the policy, such as fire, theft, or vandalism. It does not include coverage for vehicle upset. Option B is also incorrect because "Collision Coverage Only" would only cover damages caused by a collision with another vehicle or object, not by an overturning of the vehicle. Option C, "Comprehensive Coverage" may provide some coverage for vehicle upset, but it is not specific to this type of event and may not cover all damages. Therefore, the most comprehensive answer is D, as it includes both Collision and All

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