What is the main purpose of exclusion forms?

Exclusion forms serve the primary purpose of limiting coverage within an insurance policy. These forms explicitly specify what is not covered under the policy, thereby defining the boundaries of the insurance protection offered. By detailing exclusions, insurers clarify to policyholders the situations or events that will not be protected under the coverage, which helps in managing expectations and reducing potential claims disputes. This focus on limiting coverage is essential for maintaining the financial viability of insurance products and ensuring that policyholders understand their responsibilities and limitations.

The other choices, while they may have relevance in the broader context of insurance documents, do not accurately capture the essence of what exclusion forms are designed to accomplish. For instance, summarizing coverages or adding additional coverage are functions of different types of forms or endorsements. Providing a blank form for input does not align with the purpose of exclusion forms either, which are meant to communicate specific limitations rather than serve as templates.