Which of the following is NOT a type of exclusion in property insurance policies?

In property insurance policies, exclusions are specific conditions or circumstances that are not covered by the insurance. Each type of exclusion serves to limit the insurer's liability and clarify what risks the policyholder is protected against.

Property excluded refers to specific types of property that are not covered by the policy, such as certain valuables or high-risk items. Perils excluded pinpoint specific risks or causes of loss that the policy does not insure against, like flood or earthquake damage in standard policies.

Coverage limits are not considered exclusions but rather stipulations within the policy that define the maximum amount the insurer will pay for a covered loss. This means that there is typically a cap on the insurance payout rather than a complete exclusion of coverage based on the type of loss or property involved. Therefore, it does not fit into the standard classifications of exclusions and is accurately identified as not a type of exclusion in property insurance policies.