Exclusions, Homeowners Insurance
Definition of "Exclusions, homeowners insurance"
Provision that excludes from coverage under Form No. 3: flood damage, except if the flood causes a fire, explosion, or theft; water damage from the backup of sewers; earthquake, except if the earthquake causes a fire explosion, theft, or glass breakage; war; nuclear exposure (hazard); wear and tear; vandalism and malicious mischief, or glass breakage if the house has been vacant for more than 30 consecutive days before the day of the loss.
Popular Insurance Terms
Interest of a beneficiary in the proceeds of a survivorship annuity. ...
Life insurance policy under which all premiums have already been paid, with no further premium payment due. ...
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Person (the transferee to whom the property is transferred) who is at least two generations younger than the person (the transferor) who is transferring the property. This type of property ...
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Method of determining whether or not coverage is available for a specific claim. If a claim arises out of an event during the period when a policy is in force, the insurance company is ...
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