Exception (to exclusion)
Term · Insurance and risk management · MLC-T-INS-001364
A specific provision within an insurance policy that restores coverage for a particular peril or circumstance that would otherwise be excluded. For example, a property policy might exclude flood damage, but then include an exception for damage caused by a burst pipe within the dwelling. These exceptions narrow the scope of an exclusion, providing coverage for certain events.
| Identifier | MLC-T-INS-001364 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001364",
"term": "Exception (to exclusion)",
"field": "Insurance and risk management",
"definition": "A specific provision within an insurance policy that restores coverage for a particular peril or circumstance that would otherwise be excluded. For example, a property policy might exclude flood damage, but then include an exception for damage caused by a burst pipe within the dwelling. These exceptions narrow the scope of an exclusion, providing coverage for certain events.",
"url": "https://mlchart.com/terminology/insurance/exception-to-exclusion/"
}
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