Arkansas Insurance Adjuster Practice Exam

Which of the following would be covered under the peril of 'theft' in a homeowner's policy?

1. Theft by an insured

2. Losses caused by attempted theft

3. Theft from an area of the premises rented to a non-insured

4. Theft from a building under construction

The correct answer is: Losses caused by attempted theft

Losses caused by attempted theft would be covered under the peril of 'theft' in a homeowner's policy. Theft by an insured (option A) is already covered by the policy as it falls under the general coverage of theft. Theft from a building under construction (option D) may not be covered as it is not yet a permanent structure. Theft from a rented area (option C) may not be covered as it is not considered part of the homeowner's premises. Attempted theft, on the other hand, may result in damages and losses that are covered under the policy.