Which of the following concepts is NOT typically associated with insurance policies?

Product endorsements refer to modifications or additions to an insurance policy that can change the coverage provided. While endorsements are indeed an aspect of insurance policies, they are not a foundational concept tied to what an insurance policy inherently represents.

Exclusions and coverage limits are fundamental elements of any insurance contract. Exclusions define what is not covered by the policy, thereby clarifying the scope of coverage. Coverage limits specify the maximum amount the insurer will pay for a covered loss, establishing clear boundaries for financial responsibility.

Negligence, on the other hand, is a legal concept related to liability and is often a determining factor in claims scenarios, particularly in liability insurance. However, it does not shape the core structure of an insurance policy in the same way that exclusions and coverage limits do.

By understanding that product endorsements are modifications rather than foundational aspects of an insurance policy, it becomes clear why this is the correct answer.