Question

What perils are covered by the Standard Fire Policy:

A. Fire, Lightning, Removal, Theft, and Vandalism
B. Fire, Lightning, and Theft
C. Fire only
D. Fire, Lightning, and Removal

Answer 1

The Standard Fire Policy covers Fire, Lightning, and Removal. It does not cover Theft or Vandalism unless additional coverage is purchased.

Step-by-step explanation:

The perils covered by the Standard Fire Policy are Fire, Lightning, and Removal. This means that in case of a fire or lightning damage to a dwelling or other insured structure, the policyholder is entitled to compensation. Additionally, the policy usually includes coverage for expenses related to removing property to protect it from further damage during or after a fire or lightning event. This does not typically include theft or vandalism, which are often covered by additional endorsements or separate policies.