Which named peril is not covered under a homeowners or dwelling policy?

Homeowners and dwelling policies typically cover specific named perils, which are risks or risks that are specifically listed in the policy as being covered. The correct answer highlights a peril that is not generally included under standard policies.

Flood is not covered under standard homeowners or dwelling policies as it requires a separate flood insurance policy, often provided through the National Flood Insurance Program (NFIP). This distinction is crucial because many homeowners mistakenly believe their regular insurance will protect them from flood damage when, in fact, it does not. Standard policies cover risks such as fire and theft, which are named perils listed in those contracts. Understanding the limitations of homeowners and dwelling policies in relation to flood insurance is vital for any homeowner seeking to be fully protected against potential risks.