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Insurance & Risk Management
9. Chapter 10: Analysis of Insurance Contracts/Why are exclusions necessary?
9. Chapter 10: Analysis of Insurance Contracts Illustration
Syllabus Slides

Why are exclusions necessary?

01.Core Concepts

Some perils are not commercially insurable E.g., catastrophic losses due to war Extraordinary hazards are present E.g., using the automobile for a taxi Coverage is provided by other contracts E.g., use of auto excluded on homeowners’ policy ‹#›