What kind of event would typically not be covered by standard property insurance?

Standard property insurance policies typically do not cover earthquakes, making it the correct choice in this context. This is primarily because earthquakes are seen as high-risk events that can lead to extensive damage, and insurance companies often exclude them from broad property insurance coverage. Homeowners or property owners may need to purchase separate earthquake insurance or endorsements specifically designed to cover such perils.

In contrast, events like fire, vandalism, and, in most cases, water damage that is not flood-related, are generally covered under standard property insurance policies. Fire is usually included in standard coverage as it is a common risk. Vandalism, being a man-made peril, is also typically covered. Floods, however, have a distinct status in this context; they require special flood insurance, but floods are distinct from the kind of natural disaster like an earthquake that necessitates tailored coverage. Therefore, the exclusion of earthquakes from standard property insurance emphasizes the need for specialized coverage in high-risk areas.