Which of the following coverages are typically excluded from property insurance policies?

Flood damage is typically excluded from property insurance policies because it is often considered a separate risk that requires specialized coverage. Most standard property insurance policies, such as homeowners or commercial property insurance, do not include protection against flood damage due to the potential severity and high frequency of flood-related losses. As a result, individuals and businesses are encouraged to purchase separate flood insurance policies, typically offered through the National Flood Insurance Program (NFIP) or private insurers, to ensure they are adequately protected against flooding events.

Fire damage, theft, and vandalism damage are generally covered under standard property insurance policies, as these events are considered common risks for property owners. This highlights the necessity for additional coverage in specific situations like flooding, which is often excluded from standard policies.