RIBO - Habitational Insurance

Question 1

If you go away on vacation and there is a loss caused by freezing pipes in your basement, are you covered?

Answer 1

Only if a competent person enters the dwelling each day or water supply has been shut off and all pipes actually drained

Question 2

If a civil authority prohibits access to your premises due to damages to neighbouring premises are you covered?

Answer 2

Yes, for 14 days

Question 3

What is the maximum amount the Comphensive Homeowner Policy will pay for the fire damage to a tree?

Answer 3

$500 per tree

Question 4

Until what age is a student living away from home considered an insured under their parents policy?

Answer 4

No Limit

Question 5

Are you required to pay a deductible on items where a special limit applies?

Answer 5

Yes, off of the total loss

Question 6

If your friend moves in to share the cost of your apartment, is their contents covered under your policy?

Answer 6

No

Question 7

How much is unscheduled watercraft covered for in the event it burns a boathouse fire?

Answer 7

$1,000

Question 8

How much are bicycles covered for if they are burned in a fire?

Answer 8

Their full value

Question 9

If there is more than one policy covering a house, how would a loss be settled

Answer 9

Each contributes its relatable proportion

Question 10

If the Condo corporations insurance policy is invalid or inadequate, how much will the condo unit owner policy pay for damage to common areas that you get assessed for?

Answer 10

$10,000

Question 11

Is there coverage for contents while moving? If so, how long and what locations?

Answer 11

Yes, 30 days while in transit to and at another location within Canada to be occupied by you as your principal residence

Question 12

What three perils drop off as soon as a building is vacant?

Answer 12

Water damage, vandalism, and glass breakage

Question 13

When does all coverage drop off on a vacant dwelling?

Answer 13

After 30 days

Question 14

What coverage of the Homeowner Policy Covers in-ground swimming pools

Answer 14

Coverage A

Question 15

To repair an old air conditioner, walls have to be torn out. Would this be covered by Homeowner Policy?

Answer 15

No, has to result from an insured peril

Question 16

If an insured chooses not to rebuild on the same location, what would be the Basis of Claim Payment?

Answer 16

Actual Cash Value

Question 17

When do the special limits for items 1-8 apply?

Answer 17

Always

Question 18

There are certain Special Limits of Insurance that do not apply in the event of a loss caused by a Specified Peril. What items fall under this category?

Answer 18

Items 9-14

Question 19

If you go to a fair and display your knitted mittens that you hope to see there are you covered?

Answer 19

No, see exclusion 2

Question 20

In what instances must the authorities be notified before a property claim can be submitted to an insurer?

Answer 20

Malicious acts, burglary, robbery, and theft or attempted theft

Question 21

Where are building materials slated for renovations covered?

Answer 21

On or adjacent to the premises

Question 22

How much are Tenant’s improvements and betterments insured for?

Answer 22

No Limit

Question 23

What is the max amount payable under the Credit or Debits Cards Extensions?

Answer 23

$2,000 aggregate

Question 24

If you get charged by the Fire Department for services provided to save or protect your insured property is there any reimbursement for your policy?

Answer 24

Yes, up to $1,000

Question 25

What perils are outdoor trees, shrubs or plants covered for?

Answer 25

fire, lightening, explosion, impact by aircraft or land vehicle, riot, vandalism and malicious acts

Question 26

What is the limit and deductible for the Freezer Foods Extension?

Answer 26

$2,000 without deductible

Question 27

Is theft at another location which you own, rent or occupy covered by the Comprehensive Homeowner Policy?

Answer 27

Yes, if temporarily living there

Question 28

What kind of water damage is covered?

Answer 28

Sudden and accidental

Question 29

If Dwelling building is Coverage A and Personal Property is Coverage C, what is Personal Liability?

Answer 29

Coverage E

Question 30

Does the Homeowner policy cover Personal Liability arisising from the use of an owned aircraft?

Answer 30

No, see exclusion 10

Question 31

Would a residence employee be covered if he was injured on your premises due to no negligence on your part?

Answer 31

Yes

Question 32

Will Coverage G cover an insured for intentionally caused damage?

Answer 32

Only those 12 years of age or older

Question 33

Where are your personal actions insured by your Comprehensive Package Policy?

Answer 33

Anywhere in the world

Question 34

What length of owned, non-motorized watercraft are automatically covered for Personal Liability?

Answer 34

26 feet

Question 35

Is a boat scheduled on a Watercraft Coverage covered when used once a year in a race?

Answer 35

Now while racing

Question 36

What is the deductible for items on Personal Articles Coverage?

Answer 36

No Deductible

Question 37

is it possible to insure a musical instrument played professionally on Personal Articles Coverage?

Answer 37

yes, with written permission

Question 38

If your laptop is on Personal Computer Coverage and it is stolen from the back seat of your convertible while the roof would it be covered?

Answer 38

No, Locked Vehicle Warranty

Question 39

You have a Secondary Residence which is insured for $50,000 and a detached shed which is valued at $10,000. In the event of a total loss of both buildings what is covered on the policy?

Answer 39

$50,000 maximum

Question 40

If you lose one of your diamond earrings that were purchased for $3,000 and they can’t be replaced as the setting was unique, will your insurer buy you a new pair of earrings? What about if they were scheduled on Personal Articles Coverage?

Answer 40

No, Pair and Set

Question 41

Is you have jewellery insured on Personal Articles Coverage and you purchase a new ring for $7,500 while on vacation, is it covered if you lose it five days after purchasing it? If so, for how much?

Answer 41

Yes, only up to $5,000