Name one exclusion commonly found in homeowners insurance policies?

Flood damage is a common exclusion in homeowners insurance policies because such policies are generally designed to cover specific perils, and flooding is typically considered a separate risk. Most homeowners insurance policies do not include coverage for flooding, which is why homeowners are often encouraged to purchase a separate flood insurance policy if they reside in areas prone to such risks. This distinction exists because flood damage can cause extensive losses, and insurers often calculate risks and premiums differently for flood coverage compared to standard homeowner perils like fire or vandalism.

While the other options represent risks that homeowners might face, they are generally covered under standard homeowners insurance policies, with certain limitations. For example, theft of personal property, fire damage, and vandalism are typically included as covered perils, making flood damage notable as the exception that requires additional coverage through a specialized policy.