Python's philosophy of giving well-defined behavior to meaningless code seems wasteful. If your code is unintentionally executing sqrt(-1) (or unintentionally indexing out of bounds, etc) then something is wrong with your program. You don't necessarily need the behavior to be defined if there is a bug in your program. In the case that you want something predictable to happen, better to just abort(). Catching ValueError/IndexError in those cases is futile, how can one trust a buggy program to handle itself?
Python using exceptions to signal both runtime errors and programmer errors is a design smell. The former should always be caught and handled, the latter should never be caught and should probably only reasonably abort().