Which of the following is NOT typically covered by standard homeowners insurance?

Homeowners insurance is designed to protect homeowners against various types of risks related to their property and personal liability. Standard policies typically cover fire damage, theft, and liability for guest injuries. However, flood damage is generally not included within standard homeowners insurance policies.

Flood coverage is often considered a separate product because it is a distinct risk with specific underwriting criteria. Many homeowners may not be aware that general water damage, such as from heavy rain, hurricanes, or rising water levels, is excluded from standard coverage. Instead, homeowners in flood-prone areas are typically encouraged to purchase a separate flood insurance policy, often administered through the National Flood Insurance Program (NFIP) in Canada and the United States.

This distinction is crucial for homeowners to understand as it affects their risk management and financial planning. Being aware of what is not covered by standard homeowners insurance, such as flood damage, allows individuals to seek additional protection tailored to their circumstances.