Under the Homeowner's Basic Form (IBC 1151), which type of loss is NOT insured?

The Homeowner's Basic Form (IBC 1151) provides coverage for various risks associated with homeownership, but there are specific exclusions, particularly when it comes to damages that occur during certain circumstances such as construction. Damage due to vandalism during construction is often excluded from the basic coverage because the home is not yet fully operational and may have more exposure to risks that are not covered under standard homeowner policies.

In contrast, the other options—roof damage from a falling object, damage from a neighbor's automobile, and wind damage to building siding—are typically covered by the Homeowner's Basic Form, as they reflect more standard risks associated with home ownership and occupancy. Understanding the limitations and exclusions of insurance policies is crucial for homeowners to ensure they have adequate protection and to make informed decisions about additional coverage if needed.