Various types of exclusions are found in life and health insurance policies. James Shattock explains why they exist and that discounts for underwriting exclusions are now here to stay
If someone asked you what is excluded from your home and car insurance, could you tell them? Some of the small print under general exclusions might surprise you. A fairly common exclusion is for damage caused by pressure waves from aircraft crossing the sound barrier. How often is that one invoked? Take a look at your travel insurance policy and you will probably find that all pre-existing conditions are excluded; unless you have been specifically underwritten by the provider. The point is that different exclusions have different intentions. The sonic boom one is there to cover an ext...
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