Georgia Property & Casualty Practice Exam

Which of the following is NOT covered under a standard unendorsed dwelling policy?

1. Fire

2. Lightning

3. Wind

4. Theft

The correct answer is: Theft

A standard unendorsed dwelling policy typically covers a wide range of perils that could damage or destroy the insured property. Fire and lightning are commonly covered perils under such policies because they are among the main risks that homeowners face. Wind damage is also generally included as part of the coverage, particularly for properties in areas where windstorms or hurricanes are a concern. The standard unendorsed dwelling policy does not include theft as one of the covered perils. Theft coverage is usually an additional endorsement or rider that must be purchased separately to provide protection against loss due to theft within the policy terms. This key distinction is vital for understanding the scope of coverage provided by a standard dwelling policy and highlights the necessity for policyholders to review their coverage needs carefully.