Which of the following is FALSE concerning a Homeowners Policy?

A key aspect of a Homeowners Policy is the coverage provided for various risks, including vandalism. Vandalism is typically not included in all situations or under all circumstances, making this statement false. For instance, most Homeowners Policies contain specific exclusions for vandalism depending on various factors such as the occupancy status and the condition of the property.

In particular, vandalism is not automatically included for summer dwellings, meaning that policies may provide limited or no coverage for properties that are not occupied year-round. Furthermore, when a dwelling is vacant for more than 30 days, coverage for vandalism is generally excluded because the insurer considers an unoccupied property to be at a higher risk for such occurrences. Similarly, if a property is under construction, the coverage for vandalism might also be limited or excluded due to the increased vulnerability of the property, as construction sites can present more opportunities for vandalism to occur.

Thus, the assertion that vandalism is covered in all situations is not accurate and highlights the need to carefully read and understand the terms and exclusions specified in a Homeowners Policy. Understanding the nuances of policy coverage helps homeowners avoid gaps in their insurance protection.