In: Finance
Maria's home was damaged by an earthquake. As Maria has open-perils coverage on her home, she was surprised to learn that her loss was not covered. Which section of a property insurance policy specifies which perils, property, and types of losses are not covered?
A) the exclusions
B) the declarations
C) the conditions
D) the insuring agreement
A.the exclusions.
exclusions section will mention which kind of perils are not covered by insurance contract.
declarations or conditions or insuring agreement do not mention the perils not covered by insurance contract.