Which of the following perils is covered under the Homeowners Basic Form?

The peril of fire is covered under the Homeowners Basic Form, which provides a primary level of insurance protection for homeowners. This form includes coverage for specific risks, referred to as "named perils," and fire is one of the most common and significant hazards that homeowners face. Since the Basic Form specifically lists perils that are covered, having fire as one of those listed ensures that policyholders can receive compensation for damages resulting from this peril.

In contrast, floods, tornadoes, and earthquakes are typically excluded from the Basic Form coverage, often requiring separate policies or endorsements for protection against these specific risks. By focusing on fire as a covered peril, the Homeowners Basic Form addresses one of the most prevalent threats to residential properties, thereby providing essential coverage for homeowners.