What is a characteristic of a standard fire policy?

A standard fire policy is primarily designed to provide coverage for damage caused by fire to specific types of property, typically residential and commercial buildings. One of the key characteristics of this policy is that it comes with particular exclusions, including those related to civil unrest such as riots or civil commotion. This exclusion is significant because it delineates the boundaries of coverage, ensuring that policyholders understand what incidents are not covered under their policy, particularly those that arise from civil disturbances.

The other alternatives do not align with the nature of a standard fire policy. For instance, it does not cover all types of accidents, as its focus is strictly on fire-related incidents. Theft coverage is also not typically included in a standard fire policy; separate coverage or endorsements would be needed for that. Lastly, while a standard fire policy can cover both personal and commercial properties, the distinguishing characteristic lies more in its specific exclusions rather than the types of properties it may cover. Thus, the most accurate option regarding the typical attributes of a standard fire policy is the exclusion related to civil unrest.