What is an insurance exclusion?
The Bankrate.com financial term of the day is: "Insurance Exclusion."
Sometimes, an insurance policy will just say "no." An insurance exclusion is something that explicitly is not covered. Life insurance policies have an exclusion for suicide -- they won't pay death benefits if the insured person takes his or her own life. A health plan exclusion would be coverage for cosmetic surgery. Insurance won't pay for that. Your car insurance might have an exclusion for theft if the reason your car was stolen is that you were dumb enough to leave it running in the driveway with the key in the ignition and the doors unlocked.
When you're insured, you're protected -- except when there's any insurance exclusion in the policy.
To get an insurance quote, visit the Insurance section at Bankrate.com.
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