Stated- Component vs. Exclusionary Coverage

Knowing the difference between these two types of coverage for vehicle protection is a big deal because they both mean two entirely different things. “Stated Component” coverage simply means all items that will be covered must be listed on the contract. In other words, a repair is only covered if it’s specifically listed in the covered items list. If it’s not listed, it’s not covered, that simple. Exclusionary coverage is quite the opposite and is typically a much better protection plan to choose. In this case, everything on the vehicle is considered covered unless it’s listed in the excluded items list. In other words, if an item isn’t listed in the exclusionary list, then it’s automatically covered. It’s much easier to understand this kind of coverage as opposed to a Stated-Component plan.

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