What is typically excluded from a standard property insurance policy?

Wear and tear on the property is a common exclusion found in standard property insurance policies. This is because insurance is intended to cover unforeseen and sudden incidents that cause damage or loss, rather than the gradual deterioration that occurs over time due to normal use and aging. Maintenance issues and natural degradation are considered the owner's responsibility, not something that should be covered by insurance.

In contrast, damage from natural disasters, theft of personal property, and vandalism by tenants can often be covered under specific policies or riders. While certain natural disasters may be excluded depending on the policy, basic property insurance usually provides coverage for a range of unexpected events, including theft and vandalism, as long as they fall under the terms outlined in the policy.