Which of the following is generally not covered due to exclusions in an insurance policy?

High-risk exposures are typically not covered by insurance policies due to specific exclusions designed to mitigate excessive risk for insurers. Insurers assess risks associated with various activities or property types, and high-risk exposures often fall outside the bounds of what is insurable. These could include certain activities, like extreme sports or properties located in disaster-prone areas, which pose a higher likelihood of loss and result in exclusion from coverage.

In contrast, unexpected natural disasters, standard theft claims, and common property damage generally fall within the scope of coverage, albeit with certain limitations or conditions. Insurance policies are structured to protect against unforeseen events and typical risks that policyholders might reasonably expect to encounter. Thus, high-risk exposures are more likely to be explicitly excluded to keep premiums manageable and to protect the insurance company from unsustainable losses.