What is an exclusion in an insurance policy?

An exclusion in an insurance policy is an event or circumstance that is specifically not covered by the insurance policy. This means that even if a claim is filed for an event that is considered an exclusion, the policyholder will not be covered or receive any compensation from their policy. In Washington, the insurance codes provide a list of the common exclusions in insurance policies. These can include intentional acts, intentional injury, losses resulting from a criminal act as well as events which were excluded when the policy was written. Exclusions serve to protect the insurance company from taking on risks that they cannot cover. They also help to keep premiums lower because only the most important and necessary risks are covered. The insurance company will specify the exclusions on the policy and it is important for the policyholder to read and understand the terms of the policy. In Washington, there are laws that require insurance companies not to exclude a coverage or limit a coverage if the exclusion or limitation is found to be unfair or unreasonable. It is important to have a licensed insurance agent review any policy to ensure that the coverage provided is sufficient and all exclusions are reasonable.

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What is an exclusion in an insurance policy?

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