What types of damage are commonly excluded under a standard homeowners insurance policy?

Flood and earthquake damages are commonly excluded under a standard homeowners insurance policy primarily because these types of natural disasters pose a significant risk that many insurers choose not to include in standard coverage. Instead, coverage for flooding typically requires a separate flood insurance policy, often managed through the National Flood Insurance Program (NFIP). Likewise, earthquake coverage is generally offered as an endorsement or separate policy due to the potential severity and frequency of these events.

Homeowners insurance is designed to cover certain perils, such as fire and theft, as well as some forms of liability and property damage, but exclusions like flood and earthquake reflect the distinct nature and high risk associated with these hazards. It's important for homeowners to evaluate their specific needs and consider additional policies or endorsements to fully protect their property against all potential risks.