Question

Which is NOT an essential component of a standard homeowners insurance policy?

A) property reimbursement
B) liability for accidents
C) provisions for natural acts
D) earthquakes and water damage

Answer 1

I believe the answer is: D. earthquakes and water damage

earthquakes and water damage is really hard to predict and would cause a really heavy damage for large areas.
They wouldn't be covered by standard insurance because it would cost the insurance company too much money in case it happens.