Common International Insurance Exclusions
International insurance plans and policies, regardless of their type of cover, will always include exclusions for specific, "Fundamental Risks" (risks of which there is no chance of recovery). Fundamental Risks Include:
- Acts of War.
- Hostilities, Military Actions, Terrorist Acts, and Other Civil Commotions, whether war has been declared or not.
- Nuclear Explosions and resulting nuclear fallout.
- Contractual Liability - Liability of the insured which he has assumed under an agreement which normally would not have arisen.
Many policies will have their own specific exclusions. These can be extremely broad or narrow depending on the type of policy or the company that has issued the insurance. It is common to find exclusions listed on a policy that have been worded "Directly Or Indirectly as a result". This means that even if the loss has occurred as an indirect case of an excluded item, the loss will not be covered in any way. It is for this reason that the insurance idea of proximate cause becomes so important. Underwriter's will include exclusions to limit their risk to a specific type of loss.
A plans exclusions will always be specified in the policy schedule.
Read more about this topic: Expatriate Insurance
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