Which peril is typically included in a dwelling insurance policy?

Fire is commonly included as a peril in a dwelling insurance policy because these policies are specifically designed to protect against significant risks that can cause damage to the structure of the home. Fire poses a serious and prevalent threat to residential properties, making it a fundamental peril that insurers cover.

In contrast, while earthquakes and floods are both serious natural disasters, they typically require additional endorsements or specialized policies, as they are not included in standard dwelling insurance policies. Wear and tear, meanwhile, is considered a normal degradation of property over time and is not insurable, as it falls under the realm of maintenance rather than a distinct peril or loss event. Thus, fire stands out as a critical peril covered in dwelling insurance.