Exclusions In Property And Casualty Insurance

What Does Exclusions In Property And Casualty Insurance Mean?

Exclusions in property and casualty insurance refer to specific situations in which coverage will not be provided if a loss occurs under a property or casualty policy. Exclusions vary between policies but are typically outlined in the policy itself, allowing individuals to review them before deciding to purchase coverage.

Insuranceopedia Explains Exclusions In Property And Casualty Insurance

Exclusions are particularly relevant for individuals with property or casualty insurance, as they determine whether a specific loss will be covered. Examples of exclusions in such policies may include general wear and tear, errors made during work, certain natural disasters, and specific conditions involving mold. Individuals who are dissatisfied with the exclusions in one policy often explore other policies with different coverage options.