Exclusions Flashcards
(4 cards)
1
Q
What are general exclusions?
A
General exclusions which apply to the whole policy.
2
Q
What is a market exclusion?
A
A general exclusion which are common to all insurance and are termed “market exclusions”
3
Q
What is a specific exclusion?
A
They specifically relate to that part of the policy.
4
Q
List examples of market exclusions
A
- War and Related perils
- Riot and civil commotion
- Radioactive contamination and explosive nuclear assemblies
- Terrorism
- Pollution and/ or contamination
- Marine Policies
- Contractual Liability
- Sonic bangs
