IBAM Actual Questions and Correct Answers
Q1
Identify four persons included in the definition of you or your and who would be insureds under
the policy
Answer: spouse/partner of the named insured, relatives of either spouse/partner, any
person under 21 in the care of the named insured or students attending school college
or university
Q2
Identify three ways in which a spouse or common law partner might be able to qualify for
coverage
Answer: married to the named insured, a person living with the named insured in a
conjugal relationship outside marriage continuously for a period of three years or the
natural adoptive parent of a child, living with the named insured for a period of one
year
Q3
Explain the coverage provided for outdoor trees, shrubs and plants
Answer: up to 5% of the dwelling value can be used for these items for the perils of
fire, lightening, explosion, impact by aircraft or land vehicles, riot, vandalism or
malicious acts. there is no coverage for windstorm or hail and the limit is $500 for any
one tree, shrub, or plant
Q4
State the three Insuring Agreements included within Coverage C- Personal Property.
Answer: on premises coverage, off premises coverage and property of students
Q5
Indicate the circumstances under which coverage would be provided for additional living
expenses
Answer: the dwelling is damaged by an insured peril and the damage is sufficient to
make the dwelling unfit for occupancy, or requires that the insured(s) move out while
repairs are being made
Q1
Identify four persons included in the definition of you or your and who would be insureds under
the policy
Answer: spouse/partner of the named insured, relatives of either spouse/partner, any
person under 21 in the care of the named insured or students attending school college
or university
Q2
Identify three ways in which a spouse or common law partner might be able to qualify for
coverage
Answer: married to the named insured, a person living with the named insured in a
conjugal relationship outside marriage continuously for a period of three years or the
natural adoptive parent of a child, living with the named insured for a period of one
year
Q3
Explain the coverage provided for outdoor trees, shrubs and plants
Answer: up to 5% of the dwelling value can be used for these items for the perils of
fire, lightening, explosion, impact by aircraft or land vehicles, riot, vandalism or
malicious acts. there is no coverage for windstorm or hail and the limit is $500 for any
one tree, shrub, or plant
Q4
State the three Insuring Agreements included within Coverage C- Personal Property.
Answer: on premises coverage, off premises coverage and property of students
Q5
Indicate the circumstances under which coverage would be provided for additional living
expenses
Answer: the dwelling is damaged by an insured peril and the damage is sufficient to
make the dwelling unfit for occupancy, or requires that the insured(s) move out while
repairs are being made
