Exclusion

The scope of protection provided under an insurance policy, including the types of losses and risks that are covered.

The written contract between the insurer and insured that outlines the terms, conditions, coverage, and exclusions of the insurance agreement.

A written amendment or addition to an insurance policy that modifies the coverage, terms, or conditions.

An unexpected event or circumstance without deliberate intent that results in injury, damage, or loss.

The amount you must pay out-of-pocket before your insurance coverage begins to pay for covered losses.

A specified period after a premium payment is due during which the policy remains in force without penalty.

A condition or situation that increases the likelihood or potential severity of a loss.