Exclusion
Specific conditions, perils, or types of property that are not covered by your insurance policy.
Detailed Explanation
Common exclusions in homeowners policies include floods, earthquakes, neglect, war, nuclear hazards, and intentional loss. Understanding your policy's exclusions is crucial to identifying potential coverage gaps that may require additional insurance.
Practical Example
When reviewing his policy, Mark learned that mold damage was listed as an exclusion, prompting him to add a limited mold coverage endorsement to protect against this risk in his humid climate.
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