Which peril is not covered by the TFPA Dwelling Policy?

The TFPA (Texas Fair Plan Association) Dwelling Policy is designed to provide coverage for certain perils that are typical in more comprehensive homeowners' insurance policies. It primarily focuses on basic risks associated with dwelling structures, such as fire, lightning, and vandalism, which are generally considered fundamental hazards.

The reason theft is not covered by the TFPA Dwelling Policy is that this policy’s design is oriented towards covering the physical structure itself and not personal belongings or temporary losses associated with criminal activities like theft. Coverage for theft of personal property typically requires a different type of policy or endorsement that specifically addresses personal property protection.

In contrast, fire, lightning, and vandalism are classic perils that the TFPA Dwelling Policy aims to cover, as they pose significant risk to the physical dwelling. This means that while the policy offers protection against loss from these hazards, theft is considered beyond the primary focus of the dwelling policy, thus limiting its coverage scope.