Canadian Accredited Insurance Broker (CAIB) Two Practice Exam

Which area of information is NOT typically required for a building over 25 years old?

1. Electrical wiring

2. Roofing condition

3. Interior design

4. Plumbing

The correct answer is: Interior design

In assessing a building over 25 years old, the focus is primarily on safety, functionality, and structural integrity. While details about electrical wiring, roofing condition, and plumbing are critical components that help determine the building's overall condition and safety, interior design is generally seen as a less critical factor in these assessments. Electrical wiring must be inspected to ensure it meets current safety standards, as older wiring systems can present fire hazards or fail to support modern electrical loads. The condition of the roofing is equally important to assess potential leaks, structural stability, and protection against the elements. Plumbing systems also require evaluation to prevent leaks, ensure proper drainage, and confirm compliance with current codes. Interior design, on the other hand, relates to aesthetics and how spaces are arranged or decorated, rather than fundamental safety or structural concerns. It does not typically impact the building's market value in the same manner as the other factors, which are directly tied to the building's condition and safety. Therefore, interior design information is not generally required for assessments of older buildings, making it the correct choice in this context.