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Property Insurance Conditions, Exclusions, and Limits

Learn about common property-insurance conditions, exclusions, and limits.


Property insurance is an umbrella term for first-party insurance that protects against a loss to the policyholder’s interest in specific property. In a separate lesson, we discussed a property-insurance policy’s coverage grant, which creates the possible universe of coverage. In this lesson, we’ll look at a property-insurance policy’s typical conditions, exclusions, and limits, which reduce the policy’s potential coverage to its actual coverage area.

I. Property-Insurance Conditions

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