Exclusions

Clause
In an insurance policy, sentences and paragraphs describing various coverages, exclusions, duties of the insured, locations covered, and conditions that suspend or terminate coverage.
Exclusions
A provision in an insurance policy that indicates what is denied coverage, commonly including hazards deemed catastrophic in nature, wear and tear, property covered by other insurance, liability arising out of contracts, and liability arising out of workers' compensation laws.
Fire Insurance—Standard Fire Policy
An overview of the Standard Fire Policy, also known as the 165-line policy, commonly used across states. It includes details about its sections: Declarations, Insuring Agreements, Conditions, and Exclusions.
Inland Marine Insurance
Inland Marine Insurance provides coverage for loss or damage to property transported over land, excluding oceanic shipments. It primarily covers high-value items, equipment, and other movable property during transit.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.