Under the Homeowners Basic Form (IBC 1151), which of the following losses is covered?

The Homeowners Basic Form (IBC 1151) provides coverage for specific types of losses, primarily focusing on peril-related damages. Water damage from a ruptured pipe due to freezing is covered under this form because it falls under the category of "water damage" from plumbing systems, which is a recognized peril. This form specifically addresses incidents that occur due to winter conditions, making it essential for homeowners living in colder climates.

In contrast, the other options involve losses that are not covered by the Basic Form. Damage from a flood is typically excluded from general homeowners insurance policies unless a separate flood insurance policy is obtained. Loss from a power surge would not typically be covered under the Basic Form, as it primarily protects against more traditional property risks. Similarly, while theft of personal property is often covered under broader homeowners policies, it is usually not included in the limited coverage of the Basic Form, which focuses on specific named perils.