ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Non-deductible
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Exclusives
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Extraditions
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Exclusions
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Detailed explanation-1: -What is Exclusions. Definition: Exclusions are the cases for which the insurance company does not provide coverage. These are the conditions excluded from the insured event to avoid losses to the company.
Detailed explanation-2: -/ɪkˈskluː.ʒən/ the act of not allowing someone or something to take part in an activity or to enter a place: her exclusion from the list of Oscar nominees. the exclusion of disruptive students from school. to the exclusion of.
Detailed explanation-3: -Insurance exclusions are policy provisions that waive coverage for certain types of risks or events. Policy exclusions create a balance between coverage for fortuitous losses (losses you couldn’t have reasonably prepared for) and the need to remain solvent in order to pay those claims.