exclusions and limitations

Exclusions and limitations refer to specific conditions outlined in a contract or policy that define what is not covered. Exclusions are particular situations or items that are explicitly not included, such as certain types of damages or events. Limitations set thresholds on coverage, like caps on payouts or timeframes for claims. Together, they clarify the boundaries of responsibility, helping individuals understand what is and isn’t protected under an agreement, ensuring informed decisions and expectations. Knowing these details helps prevent misunderstandings when seeking coverage or services.