Registered Insurance Brokers of Ontario (RIBO) Practice Exam 2025 - Free RIBO Practice Questions and Study Guide

The option indicating that special consideration is given to individuals aged 12 years and under under the Voluntary Property Damage section of a Personal Liability Policy is correct. This consideration exists primarily because younger individuals may not fully understand the consequences of their actions, particularly in situations involving accidental property damage.

In insurance terms, this reflects a recognition that children in this age group are less likely to act with intent to cause harm or damage. As a result, policies often provide a nuanced approach to handling claims that involve minors’ actions, effectively offering some leniency. This provision aims to balance the protection of the property owner's rights with the understanding that young children may not possess the same level of judgment or decision-making capabilities as older individuals.

While other options could reflect various age thresholds or intentions in liability considerations, the specific ages mentioned in this context do not align with the standard practices and policies explicitly outlined for those 12 years and under.