Which of the following perils is NOT covered under the broad form dwelling policy?

The broad form dwelling policy is structured to provide coverage for a variety of risks to the dwelling and its contents. However, the policy outlines specific perils that are included in its coverage. In the case presented, theft is generally not considered a covered peril under most broad form dwelling policies.

This is because theft typically requires a separate endorsement or is part of a different type of policy altogether, such as a homeowners policy, which might provide broader coverage for personal property and liability. The other perils listed—fire, windstorm, and water damage—are usually included in the coverage provided by broad form dwelling policies. Fire is one of the primary risks that dwelling insurance is designed to protect against, while windstorm and water damage can also be included depending on the specific policy conditions.

Thus, the exclusion of theft from the broad form dwelling policy highlights an important aspect of understanding coverage options available for property insurance, making it clear why theft is identified as the peril not covered.