Question

Which of the following is the type of property NOT covered by the homeowners policy?

A.) Dwellings
B.) Materials and supplies
C.) Attached structures
D.) Land on which the property is located

Answer 1

Land on which the property is located is not covered by the homeowners policy; coverage typically includes dwellings, materials, and attached structures but not the actual land.

Step-by-step explanation:

The type of property that is NOT covered by the homeowners policy is D) Land on which the property is located. Homeowners policies typically cover the physical structures of the property such as the dwelling itself (A), any materials and supplies designated for the construction or repair of the home (B), and attached structures like garages or decks (C).

However, the actual land, including the soil, rocks, and terrain, is not susceptible to the same risks as the home (like theft, fire, or vandalism) and therefore is not covered under standard homeowners insurance policies.

Homeowners insurance is a form of property insurance that covers losses and damages to an individual's residence, along with furnishings and other assets in the home. Homeowners insurance also provides liability coverage against accidents in the home or on the property.