Which option is a common exclusion in most Homeowner's insurance policies?

Homeowner's insurance policies typically provide coverage for a wide range of hazards; however, certain perils are commonly excluded. Earthquake damage is a prevalent exclusion in most standard homeowner's policies because it is considered a high-risk peril that can cause severe damage, and the frequency and intensity of earthquakes vary significantly by geographical location. As a result, insurers often require homeowners to purchase separate earthquake insurance if they want coverage for this type of risk. This is why the exclusion of earthquake damage stands out in the context of homeowner's insurance.

In contrast, water damage, theft, and fire damage are generally covered under most homeowner's policies, although there may be limitations and specific conditions associated with these coverages. Water damage might be covered depending on the source (for example, a burst pipe) but may exclude flood damage. Theft is also typically included, and fire damage is considered a fundamental peril covered in homeowner policies.