Definition

A specific condition or circumstance that is not covered by your policy. Exclusions clarify what is not protected, reducing confusion during a claim.

What to consider

  • Keep track of all claims made.
  • Work to maintain a clean claims history.
  • Review past claims for patterns and potential improvements.

Real world scenarios

  • An insurer reviews a customer’s claims history before renewing a policy.
  • A business is penalized with higher premiums due to a poor claims history.
  • An individual with a clean claims history receives better rates on auto insurance.

Related terms

Insurance & Financial Protection