What is a policy exclusion?

A policy exclusion is a term in an insurance policy that states certain risks or losses are not covered by the policy. In Washington, policy exclusions are regulated by the Insurance Commissioner. These exclusions list specific perils, property, or persons that are not included within the policy coverage. In some cases, the policy may exclude coverage for damages caused by certain people, events, or types of property. For example, a standard homeowners insurance policy may exclude coverage for damage caused by arson, flooding, or earthquakes. In addition, policy exclusions may exclude coverage for certain items, such as jewelry, antiques, and firearms. Policy exclusions make it important for individuals to carefully read the terms and conditions of their insurance policy before signing a contract. By understanding their policy exclusions, individuals can make sure they are properly insured and are able to make an informed decision when it comes to purchasing coverage. In Washington, the Insurance Commissioner is responsible for regulating policy exclusions to ensure they are legal and comply with state law.

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