WHAT IS A SPECIFIC EXCLUSION?

We have now moved from the old traditional “perils based” policies to a Broadform Assets All Risks policy. Simply, this means that any damage that is unforeseen and occurs suddenly is covered, unless it is specifically excluded.

This is the main concept and benefit of Broadform Assets All Risks cover.

The lists of specific exclusions are clearly shown in red and this makes it easy for the client to understand.

If the cause of the loss or damage appears on the list of exclusions, it is not covered. If it does not appear, then it is covered.

You will find the listed exclusions under “Specific Exclusions – What you are not covered for” in each section of the policy.