Definition of "Exclusions"

Edward "Ed" Rowles
Edward "Ed" Rowles Coldwell Banker Preferred Wilmington

Provision in an insurance policy that indicates what is denied coverage. For example, common exclusions are: hazards deemed so catastrophic in nature that they are uninsurable, such as war; wear and tear, since they are expected through the use of a product; property covered by other insurance, in order to eliminate duplication that would profit the insured; liability arising out of contracts; and liability arising out of Workers Compensation laws. Exclusions are also listed in a boiler and machinery insurance policy, business automobile policy, business income coverage form, homeowners insurance policy, liability policy, and commercial package policy.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ