Which of the following is a common exclusion found in nearly all property policies?

Flooding is a common exclusion found in nearly all property policies because it poses a significant risk that can result in substantial financial losses. Insurance companies often exclude flood coverage from standard property policies due to the high potential for catastrophic damages and the increasing frequency of flooding events related to climate change. This exclusion encourages policyholders to seek specialized flood insurance, which is typically offered through the National Flood Insurance Program (NFIP) or private insurers specifically designed to cover flood-related losses. Entities at risk in flood-prone areas are often encouraged to consider these policies to ensure comprehensive coverage against water damage from flooding events, an issue that standard property policies do not generally address.