Which peril is excluded under a Fire and Extended Coverage policy?

A Fire and Extended Coverage policy typically excludes certain perils that are not directly related to fire or its extensions. Earthquake is one of those perils that is commonly excluded from such policies. Fire policies are primarily designed to cover losses resulting from fire, smoke, and certain direct extensions, such as lightning and windstorm damage under extended coverage.

While windstorm damage, theft, and lightning might be covered under specific conditions or additional endorsements in other types of policies, earthquake damage is not covered by standard Fire and Extended Coverage policies. This exclusion is significant because earthquakes can cause substantial damage, and separate earthquake coverage options exist to address this risk. Getting this coverage generally requires a specific endorsement or a separate policy exclusively for earthquake risks.

In summary, earthquake is excluded under a Fire and Extended Coverage policy because it is considered a separate risk requiring different coverage.