Canadian Accredited Insurance Broker (CAIB) Two Practice Exam

What is NOT one of the three details required for scheduled glass insurance?

1. Location of the glass

2. Type of insurance

3. Size of the glass

4. Value of the glass

The correct answer is: Type of insurance

Scheduled glass insurance typically requires specific details to accurately assess coverage needs and risks. These details usually include the location of the glass, its size, and its value. The location is crucial because it determines the risk level associated with potential damage or loss, as different environments might expose the glass to varying threats. The size of the glass is important for calculating coverage amounts and understanding what is being insured. Lastly, the value of the glass is required to establish the financial amount that should be covered in case of a loss. The type of insurance, while relevant to the context of coverage, is not a specific detail that needs to be outlined when setting up scheduled glass insurance. This is why the assertion that the type of insurance is not one of the required details is accurate. It does not directly pertain to the particulars of the glass being insured.