Wear and Tear Exclusion

Wear and Tear Exclusion

In insurance, a category prohibiting payment on claims for normal wear and tear, which is the degrading of the quality of an item that is expected over time. Because this decline in value is inevitable, insurers will not pay for these losses.
References in periodicals archive ?
The wear and tear exclusion in the Farmers policy, like most wear and tear exclusions, has an exception to the exclusion that provides coverage for losses due to cracking, shrinking, and the like if any of these cause a "sudden and accidental" release of water from the home's plumbing and mechanical systems, but only to the extent of covering the "loss caused by water" and repairing the damaged plumbing or mechanical system.