Which peril is NOT covered under the broad form dwelling policy?

In a broad form dwelling policy, the types of perils that are typically covered include fire, lightning, and certain types of collapse, among others. Theft is generally not included as part of the standard coverage in such policies. This is because broad form dwelling policies are designed to cover specific risks that could lead to loss or damage to the dwelling itself, while theft is more often associated with personal property, which is typically covered under separate homeowner's insurance or specific theft coverage endorsements.

The inclusion of fire and lightning in the broad form dwelling policy aligns with the common understanding of major hazards that could affect a property's structure. Collapse is also covered under this type of policy, as it pertains to the integrity and stability of the dwelling. Therefore, the absence of theft coverage highlights its nature as primarily a personal property risk rather than a structural risk, thus making it the correct choice for the type of peril that is not covered under a broad form dwelling policy.