What type of risks are typically covered under a standard homeowner's policy?

A standard homeowner's policy is designed to provide comprehensive coverage that includes both personal liability and property damage. This means that in the event of an accident occurring on the homeowner's property, or if the homeowner is responsible for damaging someone else's property, the policy can help cover the associated legal costs and damages.

Additionally, the property damage aspect protects against losses related to the physical structure of the home and the belongings within it, encompassing a variety of risks including fire, storm damage, and even theft and vandalism. By including both personal liability and property damage, the policy offers a well-rounded safeguard, making it an essential component of a homeowner's risk management strategy.

Other options, such as focusing solely on natural disasters, theft, or business-related losses, do not encompass the full scope of protections that a standard homeowner's policy provides, thus limiting the understanding of what homeowners can expect from their coverage.