What is Prior Known Circumstances Exclusion | Insurance glossary by upcover

This exclusion stops policyholders from claiming for issues they were already aware of when buying or renewing cover. For instance, if a tradie knows about a leaking pipe that later bursts, the insurer may not pay. Linked term: see Continuity Date for how ongoing protection works. Why it matters: It ensures fairness by covering only unforeseen events, not pre-existing problems.

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Related Term

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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