Exception/Exclusion :
A peril that is specifically excluded under an insurance policy. Exclusions can be general, or applicable across all insurance policies or applicable to a specific policy. Loss due to war or warlike conditions, or due to nuclear weapons is a general exclusion. No policy covers these losses. If you have heart disease your health insurance policy could exclude hospitalisation for that condition and those arising out of it. This is a specific exclusion
A peril that is specifically excluded under an insurance policy. Exclusions can be general, or applicable across all insurance policies or applicable to a specific policy. Loss due to war or warlike conditions, or due to nuclear weapons is a general exclusion. No policy covers these losses. If you have heart disease your health insurance policy could exclude hospitalisation for that condition and those arising out of it. This is a specific exclusion
No comments:
Post a Comment