What term is used for things that are not covered in a policy?

The term used for things that are not covered in a policy is "exclusion." In insurance terminology, exclusions refer to specific conditions, risks, or types of losses that are explicitly not covered by the policy. These exclusions are detailed in the policy documents and help to define the boundaries of coverage, ensuring that both the insurer and the insured have clear expectations about what is and is not protected under the terms of the policy. Understanding exclusions is crucial for policyholders, as it helps them to be aware of potential gaps in coverage and to make informed decisions about their insurance needs.

The other terms, while related to limits and conditions of coverage, do not specifically denote items not covered. Limitations might refer to conditions that restrict how much or under what circumstances a policy will respond, exemptions are often considered as instances where a requirement is waived, and restrictions may imply general rules that govern policy use but do not signify non-coverage.