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

In a broad form dwelling policy, specific perils are covered, while others are not. Theft is a peril that is typically not included in the broad form dwelling policies. These policies primarily cover risks such as fire, lightning, and collapse, addressing structural damage rather than personal property. Fire and lightning are common peril types acknowledged in most dwelling insurance coverage, providing protection against their destructive capabilities. Collapse can also fall under covered perils when related to specified risks.

On the other hand, theft usually requires additional coverage or a separate endorsement, as it is often treated distinctly from the other perils mentioned. This distinction exists because theft primarily concerns loss of personal property rather than the physical structure or specific threats to it. Therefore, understanding the scope of covered perils in the broad form dwelling policy highlights why theft is the answer that does not align with the included coverages.