What is typically excluded from coverage in a standard property insurance policy?

A standard property insurance policy often excludes coverage for wear and tear because this type of damage is considered a result of normal use or aging of the property rather than a sudden, accidental loss. Insurance is designed to cover unexpected events that result in damage or loss; wear and tear falls outside of this definition.

The exclusion of wear and tear aligns with the principle of insurance, which is to offer protection against unforeseen and uncontrollable incidents. Consequently, damages that are anticipated from the natural deterioration of property over time are not included, while events like theft, fire damage, and vandalism are typically covered, as they represent sudden and accidental losses for which policyholders seek financial protection.