Final answer:
The coverage not automatically included in a homeowners insurance policy is 'loss assessment coverage', whereas 'damage to the property of others' is typically included. Understanding insurance policy details, including deductibles, copayments, and coinsurance, is vital for policyholders.
Step-by-step explanation:
The question pertains to the kinds of coverages that are automatically included in a homeowners insurance policy. Specifically, it asks which of the following is not an automatic additional liability coverage: damage to the property of others, or loss assessment coverage. In a standard homeowners policy, damage to the property of others is typically covered. This means if the policyholder accidentally damages someone else's property, the insurance may pay for the repairs. On the other hand, loss assessment coverage is an additional coverage that is not automatically included but can often be added to a policy. This coverage helps protect policyholders from the potential financial burden of certain assessments that may be levied by homeowners associations for covered losses under certain conditions.
There are many kinds of insurance that provide financial protection for different reasons, such as medical expenses from health care, costs associated with car accidents, thefts, or damages to a home, and the financial support for a family upon a policyholder's death. It is important for insurance policyholders to understand what their policy covers and any potential out-of-pocket costs like deductibles, copayments, or coinsurance that they may be responsible for in the event of a claim.