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Why do insurers have exclusions?

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Why do insurers have exclusions?

The origin of the question is espino insurance topic

This question was addressed to me during an online interview.

Other related questions to my question are:

Why do insurers have exclusions?

What is exclusion clause in insurance policy?

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Correct answer is: Insurance companies want to avoid the confusion of determining which policy should cover which loss. Some exclusions are designed to help clarify those differences. For example, auto insurance policies typically provide coverage for damage to the vehicle caused by a flood.

The title of my answer is What Is an Exclusion? | NJM

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