Which property is generally NOT excluded in a standard fire policy?

In a standard fire policy, personal belongings are typically covered, which is why the choice regarding a stamp collection not being excluded makes sense. Standard fire insurance generally protects personal property from loss due to fire. This coverage often extends to personal belongings within the insured structure, as they are one of the primary concerns for policyholders.

On the other hand, artwork, stamp collections, and building materials can often fall into categories that may have specific exclusions or limited coverage under a standard fire policy. For instance, valuable items like artwork and collectibles may require additional endorsements or separate policies to be adequately covered due to their high value and risk profile. Building materials might not be covered if they are not part of a completed structure or are intended for storage rather than use in ongoing construction.

Therefore, personal belongings, which include everyday items and household goods, are expected to be included in a standard fire policy, highlighting why the stamp collection choice is viewed as generally not excluded.