The lesson on the circles of coverage talked about how coverage grants create coverage, exclusions remove coverage, and exceptions bring back something that would have been excluded (but cannot create coverage beyond the coverage grant). See Lesson __.
Some exclusions deal with matters that are simply not subject to insurance coverage. The easiest example is an exclusion for intentional injury. No insurance covers intentional injury. Otherwise, the insurance policy would become a license to wreak havoc.
Other exclusions are more about separating out risks that are covered by other policies or other types of insurance. Many refer to these types of exclusions as carve outs. Why? Because these are not categories of risk that are out of the realm of insurance. They are insurable risks, just not in this particular policy.