What is typically NOT covered by standard property insurance policies?

Standard property insurance policies are designed to protect against a range of unexpected events that can result in damage or loss of property. However, intentional damage is generally excluded from these policies because it involves a willful act by the policyholder or another party. Insurance is intended to cover unforeseen incidents, and allowing coverage for intentional acts would contradict the principles of risk management and could lead to moral hazard, where individuals might take advantage of the coverage by causing damage deliberately.

In contrast, natural disasters, theft, and fire damage are typically covered under standard property insurance policies, albeit with certain limitations and conditions. Natural disasters may have specific coverage requirements or could be excluded in specific areas depending on the risk involved. Similarly, theft is covered as long as the proper precautions were taken, while fire damage is commonly included under standard coverage features. Understanding these distinctions is vital in recognizing the boundaries of property insurance protection and can help ensure adequate coverage in place for unforeseen events.