The component of personal property insurance that does not usually cover indirect losses is?

The component of personal property insurance that typically does not cover indirect losses is related to perils excluded. This means that if a certain peril—such as a specific natural disaster or type of damage—is identified as excluded in the policy, any losses that arise from that peril will not be compensated by the insurance. Indirect losses refer to secondary effects of direct losses, like loss of income due to property damage. If a peril that leads to such indirect losses is excluded from coverage, those costs will not be covered, highlighting the importance of understanding which perils are included or excluded in a personal property insurance policy.

While the other aspects of the insurance such as dwelling building, property excluded, and personal property all relate to different elements of coverage or limitations within a policy, they do not directly address the concept of excluding specific perils, which is crucial in determining the scope of indirect loss coverage. Thus, the answer focuses correctly on the implications of peril exclusions in relation to overall coverage provided by personal property insurance.