What do exclusions refer to in an insurance policy?

Exclusions in an insurance policy refer to specific items, situations, or events that are not covered under the terms of the policy. This means that if a certain event occurs or if a specific item is involved in a claim, the insurance company is not liable to provide compensation or benefits for it. Exclusions are a critical part of understanding any insurance policy, as they outline the limitations and conditions under which coverage is provided. By clearly defining what is excluded, insurance policies help policyholders understand the scope and limitations of their coverage, allowing them to make informed decisions about additional protection they may need.