Which of the following is a reason a standard fire policy cannot be renewed?

The age of the property is a valid reason a standard fire policy cannot be renewed, as insurance companies often consider the condition and risk associated with older buildings. A property that has aged may present higher risks such as outdated electrical systems, structural weaknesses, or deteriorating materials, which can lead to a greater likelihood of fire hazards. Consequently, insurers might decide not to renew the policy if these risks are deemed too high or if the property does not meet current safety standards.

In contrast, the type of fire extinguisher used, the number of occupants, and the size of the property typically do not serve as standalone factors for non-renewal. While they may affect the risk assessment during the underwriting process, they are usually not decisive conditions for policy renewal. Insurers focus more on the comprehensive evaluation of risk factors, including the overall maintenance, compliance with safety regulations, and the structural integrity of the property.