What does Exclusions mean? Read on to discover the definition & meaning of the term Exclusions - to help you better understand the language used in insurance policies.
Exclusions, in the context of insurance, refer to certain provisions in an insurance policy that exclude coverage for expenses arising because of the occurrence of a specific event. In insurance, exclusions help keep premiums fair by nullifying the possibility for large payments for a handful of insured individuals who are at risk for unusual catastrophic events.
We hope the you have a better understanding of the meaning of Exclusions.