Which of the following is NOT covered under standard homeowner's policy?

Standard homeowners' policies typically provide coverage for personal property, liability, and dwelling coverage, which address different aspects of protecting both the physical structure of the home and the owner's possessions. However, flood damage is excluded from standard homeowners insurance policies. This is primarily because flooding is considered a separate risk that can vary significantly based on geography and is often the subject of specialized insurance policies, such as flood insurance offered through the National Flood Insurance Program (NFIP).

Therefore, if a homeowner wishes to protect against flood-related damages, they need to secure a separate flood insurance policy in addition to their standard homeowners insurance. This distinction is crucial for policyholders to understand in order to ensure proper coverage for all risks associated with their property.