What types of damages are usually covered under a Standard Property Policy?

A Standard Property Policy typically covers damages from risks such as fire, theft, vandalism, and certain natural disasters like hurricanes or tornadoes. This comprehensive coverage is designed to protect the property owner from various perils that can cause significant financial loss.

Particularly, fire and theft are common concerns for property owners, as these events can lead to substantial destruction and loss of assets. Vandalism also falls under this coverage, as it addresses intentional damage inflicted by individuals. Additionally, while the policy includes certain natural disasters, it’s essential to note that not all types of natural disasters are automatically covered; specific events may require additional endorsements or special policies.

The other options do not align with the coverage provided by a Standard Property Policy. Medical expenses are typically covered under liability insurance, not property insurance. Limited coverage to only natural disasters or neglect-related damages would not provide the comprehensive protection that property owners need for safeguarding their assets against a broader range of risks.