Certified Financial Planner (CFP) Practice Exam · Question
Which of the following is typically NOT covered by a standard homeowner's insurance policy in Canada?
Standard homeowner's insurance policies generally exclude damage from overland flooding. Separate flood insurance or an endorsement is usually required.
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Question: Which of the following is typically NOT covered by a standard homeowner's insurance policy in Canada?
Answer options:
- Damage from fire
- Theft of personal belongings ✅ Damage from flood
- Personal liability
Correct answer: Damage from flood
Explanation: Standard homeowner's insurance policies generally exclude damage from overland flooding. Separate flood insurance or an endorsement is usually required.
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