Insurance policies vary between companies and all have different terms and conditions and exclusions. Before purchasing an insurance policy, consumers should read the Product Disclosure Statement thoroughly.
Although the terms and conditions of policies vary between companies, there are some common exclusions consumers should be aware of before seeking cover.
For example, some common exclusions for travel insurance policies include:
Some common exclusions for home insurance policies include:
All policies have limitations and exclusions of one form or another and consumers should make sure they understand the PDS provided to them before purchasing a policy.