# Exclusion

*Insurance — Finicade finance glossary*

An exclusion is a loss the policy explicitly does not cover, and the exclusions page is the part of an insurance contract actually worth reading. Standard homeowners policies exclude flood and earthquake almost universally, which is why so many people discover after a flood that they were never covered. Exclusions exist for risks that are uninsurable, catastrophically correlated, or better priced separately.

**Also known as:** policy exclusions, not covered, exclusion clause

**Related terms:** [Rider](https://finicade.com/glossary/rider), [Policy Limit](https://finicade.com/glossary/policy-limit), [Insurance Claim](https://finicade.com/glossary/claim), [Insurance](https://finicade.com/glossary/insurance), [Homeowners Insurance](https://finicade.com/glossary/homeowners-insurance)

Source: https://finicade.com/glossary/exclusion