Which of the following is often excluded from standard homeowners insurance?

Flood damage is often excluded from standard homeowners insurance policies because such coverage typically requires a separate flood insurance policy. This exclusion is rooted in the fact that flood risks can vary significantly by geographic area and are often more catastrophic than damage caused by perils covered under standard policies. Homeowners are encouraged to assess their flood risk and consider obtaining additional coverage specifically for flood damage through the National Flood Insurance Program or private insurers.

In contrast, fire damage, theft, and liability coverage are generally included in most homeowners insurance policies. Homeowners insurance is designed to protect property owners from various risks, and these perils are commonly accounted for in the policy. Therefore, understanding that flood damage has distinct coverage considerations is crucial for homeowners assessing their insurance needs.