Which of the following is excluded from the standard homeowners policy?
Asked by: Dayna Witting | Last update: September 5, 2025Score: 4.4/5 (22 votes)
What is excluded from a homeowners insurance policy?
Not all damages are covered by a home insurance policy; common exclusions include floods, earthquakes, landslides, pests and mold. Homeowners can purchase endorsements or additional policies to cover excluded risks, such as coverage for high-value items or flood insurance.
Which of the following is not covered in a standard homeowners policy?
Homeowners insurance usually won't cover damage to your home from animals or insects, such as rodents or termites. Structure damage from larger wild animals (such as a bear breaking down your door) may be covered, but personal property damage generally won't.
Which of the following perils is excluded under a homeowners policy?
Earthquakes, sinkholes, and earth movements: Standard homeowners insurance policies typically don't cover damage caused by earthquakes, landslides, or sinkholes. A separate policy or endorsement is usually required to cover these perils.
What are standard policy exclusions?
Policy exclusions create a balance between coverage for fortuitous losses (losses you couldn't have reasonably prepared for) and the need to remain solvent in order to pay those claims. For example, a homeowners insurance policy doesn't include flood insurance.
Parts of a home insurance policy, Excluded Perils
What are the major exclusions in a typical homeowners policy?
Common exclusions in even the most comprehensive homeowners policies include: earth movement, such as earthquakes; sinkholes or landslides that damage your home; water damage, such as floods or sewer back-ups that leak through a pipe or seep through the foundation causing damage to your home; damage resulting from ...
What are the standard exclusions found in a life insurance policy?
Life insurance exclusions may vary, but the typical exclusions are: Genetic illnesses. Alcohol, drug or smoking related. Health and lifestyle related e.g obesity.
What are excluded perils?
In insurance: Excluded perils. Among the excluded perils (or exclusions) of homeowner's policies are the following: loss due to freezing when the dwelling is vacant or unoccupied, unless stated precautions are taken; loss from weight of ice or snow to property such as fences, swimming pools, docks,…
Which of the following coverages are not found in all homeowners policies?
Standard homeowners policies do not cover flooding, earthquakes or poor maintenance. Flood coverage is provided by the federal government's National Flood Insurance Program, although it is purchased from an insurance agent. Earthquake coverage is available either in the form of an endorsement or as a separate policy.
What does homeowners insurance not cover quizlet?
Policies will NOT cover loss or damage from... flooding, earthquakes, termites, freezing pipes, wear and tear, or lack of maintenance. Flood insurance is available for purchase, and in some cases required depending on where the home is located.
What losses are not covered under a standard homeowners policy?
A standard policy will not pay for damage caused by a flood, earthquake or routine wear and tear. When purchasing coverage for the structure of your home, remember this simple guideline: Purchase enough coverage to rebuild your home.
What does a standard homeowners policy cover?
Homeowner's insurance gives you financial protection against damages to your house, a home loss due to natural disasters, theft, and other unfortunate accidents.
Which would normally not be included in a standard homeowners insurance policy Quizlet?
The correct answer is (C). Damage from flooding is generally excluded from HO policies. Homeowners policies generally insure personal property at actual value rather than replacement value.
What is excluded from coverage?
An exclusion is a provision within an insurance policy that eliminates coverage for certain acts, property, types of damage or locations. Things that are excluded are not covered by the plan, and excluded costs don't count towards the plan's total out-of-pocket maximum.
Who is not an insured on a homeowners policy?
Although your homeowners policy covers many people, there is one group who generally isn't covered--tenants. To protect their belongings in case your home is damaged, renters will need to get a separate renters insurance policy.
What are exclusions in term insurance?
Understanding the inclusion and exclusion clauses in term insurance is crucial for anyone purchasing a policy in India. Inclusions are the events or circumstances under which the policy will pay out, while exclusions are those under which the policy will not pay out.
Which is excluded from all homeowners insurance policies?
Important: Read exclusions in your insurance contract. Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded.
What is one type of coverage that is always excluded from a property insurance policy?
Flood damage is typically excluded from homeowner's coverage because this type of loss would be handled by another type of coverage: flood insurance.
What is and isn't covered in homeowners insurance?
Damage or destruction due to vandalism, fire, and certain natural disasters are all usually covered. So is your liability if someone is injured on your property. Certain catastrophes, like flooding or earthquakes, are generally not covered by basic homeowners policies and require specialized insurance.
What are the major exclusions of the policy?
The three major types of Exclusions are: Excluded perils or causes of loss. Excluded losses. Excluded property.
What is excluded from a dwelling policy?
It also does not cover damage as a result of earthquakes or sewer backups. While most parts of your home will be covered under a dwelling insurance policy, a detached garage, shed, above-ground pool, and fences usually won't be.
Which of the following is not considered an insurance exclusion?
The correct answer is Disability, which is typically covered rather than excluded in life insurance policies. The other options listed, such as War and Military Service, Aviation, and Hazardous Occupation, are standard exclusions. Therefore, Disability is the only option not considered a standard exclusion.
What is the exclusion clause in an insurance policy?
If a situation stated in an exclusion clause applies, a loss arising from that situation would not be covered under the insurance policy even if the loss results from the specified events or uncertainties which the insurance policy is supposed to protect against.
What are the exclusions for all risk?
The most common types of perils excluded from "all risks" include earthquake, war, government seizure or destruction, wear and tear, infestation, pollution, nuclear hazard, and market loss.
What are specific exclusions?
Specific Exclusions means the exclusions listed in the Schedule which will apply to a specific Benefit listed in that Schedule, over and above the general exclusions listed below.