Which of the following is the type of property NOT covered by the homeowners policy?

The type of property not covered by a homeowners policy is the land on which the property is located. Homeowners insurance primarily provides coverage for the dwelling itself and the structures attached to it, as well as personal belongings and certain detached structures like garages. However, the land is typically excluded from coverage because it is considered a non-durable asset that does not suffer damage in the same way that buildings and personal property can.

Insurance is designed to protect against risks such as theft, fire, or natural disasters that can damage physical structures and belongings, but the value of land is not impacted in the same manner; thus, it is not a factor in the insurable risk within a homeowners policy.