Which coverage is typically excluded from a standard homeowners policy?

Flood coverage is typically excluded from a standard homeowners policy because homeowners insurance is designed to cover a variety of risks, but it does not usually protect against flood damage. Flood insurance is considered a separate policy that must be purchased through the National Flood Insurance Program (NFIP) or private insurers. This exclusion is based on the understanding that flood risks can be significant and vary greatly by location, making it difficult for standard homeowners policies to adequately cover them.

In contrast, personal property coverage, theft coverage, and liability coverage are typically included in a standard homeowners policy, as these are essential elements of most homeowners' insurance needs. Personal property coverage protects the homeowner's belongings, theft coverage provides protection against the loss of items due to theft, and liability coverage offers financial protection in case the homeowner is found responsible for injury or damage to others. Thus, flood coverage stands out as the type of protection that requires a separate insurance policy.