Which term means things not covered by an insurance policy?
Which term means things not covered by an insurance policy? In insurance, an exclusion is something that is not covered under an insurance policy. Exclusions come in many forms. For example: Excluded perils.
What type of risk are not covered by insurance?
An uninsurable risk is a risk that insurance companies cannot insure (or are reluctant to insure) no matter how much you pay. Common uninsurable risks include: reputational risk, regulatory risk, trade secret risk, political risk, and pandemic risk.