Which of the following is an example of a common exclusion in homeowners insurance?

Homeowners insurance policies typically include various exclusions, which are specific situations, events, or perils that are not covered. Flood damage is a common exclusion in standard homeowners insurance policies. This means that if a policyholder experiences flooding as a result of heavy rain, storm surge, or rising water levels, their homeowners insurance will not provide coverage for the damage incurred.

In contrast, losses from theft of personal property, fire damage, and vandalism are generally covered under most homeowners insurance policies, as these risks fall within the scope of typical residential hazards that homeowners are expected to insure against. Therefore, homeowners need to consider obtaining separate flood insurance if they live in areas prone to flooding, as standard policies do not encompass damages caused by such events.