What is the definition of "exclusions" in an insurance policy?

The definition of "exclusions" in an insurance policy refers to specific events or circumstances that are not covered by the policy. Exclusions are carefully outlined in insurance contracts to clarify what risks the insurer will not assume and therefore will not provide coverage for. These exclusions serve to protect the insurance company from having to pay claims that are outside the agreed-upon scope of protection. For instance, common exclusions in many policies include acts of war, intentional damage, wear and tear, and certain natural disasters. Understanding these exclusions is crucial for policyholders, as it helps them recognize the limitations of their coverage and avoid surprises when filing a claim.