What are the sections of an insurance contract that limit coverage commonly referred to as?

In an insurance contract, sections that limit coverage are commonly referred to as exclusions. These exclusions specify certain situations, conditions, or types of losses that are not covered by the policy, thereby clarifying the boundaries of the coverage. By outlining what is excluded, these sections help manage the insurer's risk and inform policyholders of the limitations they should be aware of when filing claims.

Understanding exclusions is crucial for policyholders, as they define the circumstances under which the insurance company will not compensate the insured. For example, exclusions might include events such as pre-existing conditions in health insurance or specific natural disasters in property insurance policies. This clarity helps prevent misunderstandings between the insurer and the insured regarding what is covered under the policy.

While the other answer choices may relate to different aspects of an insurance contract, they do not specifically refer to the limits on coverage in the same way that exclusions do. Provisions refer to the general conditions and clauses of the policy, endorsements modify the terms of the existing policy, and limitations often denote specific restrictions without necessarily outlining what is excluded.