Question

what is the purpose of the many exclusions?

what is the purpose of many of the exclusions in airport premises liability policy

Answer 1

Answer:- An exclusion can be defined as the provision in the insurance policy coverage in which some special types of risks are not included or eliminated. The main objective of exclusion is to narrow down the coverage scope which is mentioned in the insuring agreement. In the majority of insurance policies, very broad terms are included in the insurance policies. Thus exclusions are utilized by the insurers so that the number of risks can be avoided or deleted.

Answer:-

An aircraft liability insurance policy can be treated as the additional coverage which is used to cover the damages resulting from bodily injury or property damage which could result from using the airport premises for the purpose of parking and aircraft storage.

The main objective of many of the exclusions in airport premises liability policy is to avoid neglect the claim of professional errors, negligence, and lapses.