Which of the following is not typically covered by property insurance policies?

Property insurance policies are designed to protect against a variety of risks, but they typically include exclusions or limitations on certain types of damages. In the context of the options given, the identification of friendly fires is significant.

Friendly fires, which are fires that start as a result of an intentional act by the insured, often fall under exclusions in property insurance policies. These fires do not arise from external sources or uncontrollable circumstances; instead, they originate from planned activities that inadvertently lead to fire damage. Since they contrast with hostile fires—fires that occur due to uncontrolled circumstances like a wildfire—friendly fires usually do not qualify for coverage.

On the other hand, hostile fires, natural disasters, and theft tend to be covered by property insurance policies, assuming the specific policy language does not exclude these risks. Insurers typically include coverage for these more common risks since they fall under the standard categories that property policies aim to protect against. Understanding these distinctions is crucial for policyholders to navigate their coverage effectively and to know what is included and excluded in their insurance contracts.