What type of policies typically exclude coverage for war and nuclear hazards?

Dwelling property policies are designed primarily for property owners or landlords who rent out residential properties. These policies generally provide coverage for the dwelling itself, any personal property, and liability protection. However, they also include standard exclusions for certain high-risk events, such as acts of war and nuclear hazards.

The reasoning behind these exclusions lies in the unpredictable and extensive nature of war and nuclear incidents, which could lead to catastrophic damages that typical insurance pools are not structured to handle. Including such coverage would significantly increase premiums and complicate the underwriting process. Thus, the specifics of dwelling property policies, along with many other types of insurance, directly address these exclusions as part of standard practices in the insurance industry to maintain affordability and manage risk effectively.

It's worth noting that not all policies contain the same exclusions, which is why the other options do not align with this particular question. Standard homeowner's policies and commercial property policies may have different exclusions or additional coverages for unique situations. However, dwelling property policies are specifically known for these exclusions, aligning with industry norms and practices.