Scenario 72: Which of the following is typically NOT covered by a standard homeowner's insurance policy in Canada?

Question: Scenario 72: Which of the following is typically NOT covered by a standard homeowner's insurance policy in Canada?

Answer options:

• Damage from fire
• Theft of personal belongings ✅ Damage from flood
• Personal liability

Correct answer: Damage from flood

Explanation: Standard homeowner's insurance policies generally exclude damage from overland flooding. Separate flood insurance or an endorsement is usually required. The correct answer is "Damage from flood". This capacity-fill scenario 72 reinforces the same competency for the cfp bank and follows the certified explanation standard.