Which of the following is NOT a covered peril under the Earthquake Form?

The correct choice highlights that fire is not considered a covered peril under the Earthquake Form because this form specifically addresses damages caused by earthquakes and related events. While fire may occur as a consequence of an earthquake (for example, if a gas line breaks), the initial Earthquake Form is designed to cover the direct effects of seismic activity itself, rather than the secondary effects such as fires.

In the context of property insurance, other perils mentioned—such as volcanic eruptions, earthquakes, and land borne damage—are typically included in the coverage. An earthquake policy would cover damages stemming directly from the shaking of the ground, which includes incidents like landslides associated with seismic activity, but does not extend its coverage to fires unless explicitly stated otherwise in additional provisions or endorsements.

Understanding this distinction is crucial as it guides policyholders on what specific risks are covered under their earthquake insurance, thereby helping them make informed decisions about their risk management and insurance needs.