Which of the following is typically NOT covered by standard insurance policies?

Loss due to flood is typically not covered by standard insurance policies because standard homeowners and renters insurance generally provides coverage for specific perils, and flood damage is often excluded. Instead, flood insurance must be purchased separately through specialized policies, such as those offered by the National Flood Insurance Program (NFIP) in the United States, or through private insurers that provide flood coverage options.

In contrast, damage resulting from fire or smoke, theft of personal property, and accidental damage to furniture are usually included in standard policies, as they fall under common risks insured against. This distinction is important for policyholders to understand so they can ensure they have adequate coverage for their specific needs.