Which term refers to causes of loss or items that are not covered by an insurance policy?

The term that refers to causes of loss or items that are not covered by an insurance policy is exclusions. Exclusions are specific provisions within an insurance policy that clearly outline what is not covered. This means that if a loss occurs due to one of the causes or items mentioned in the exclusions, the insurer is not obligated to provide coverage or pay for that loss.

Understanding exclusions is crucial for policyholders because they enhance clarity regarding what protections they can expect from their policy. It allows insurers to limit their risk exposure by specifying scenarios or items that they will not cover. Recognizing these exclusions can help individuals and businesses make informed decisions about additional coverage they may need to consider in order to fully protect their assets.

The other terms play different roles in insurance. Endorsements refer to modifications or additions to the policy that alter its coverage. Conditions are specific obligations or requirements set forth in the policy that the policyholder must adhere to for coverage to apply. Definitions clarify the meanings of terms used throughout the policy. Understanding these distinctions helps in grasping the overall structure and provisions of insurance contracts.