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Insurance Policy

Overview of an Insurance Policy

QuestionAnswer
What is the first part of an insurance policy? Declarations Page
What is an Insured? A customer/policyholder seeing insurance coverage through the insurance company. They are protected through the policy.
What is an Insurer The Insurance Company - they provide coverage and protect the insured through the issued insurance policy
The declarations page is... A snapshot of the policy
Coverage forms outline what is covered, not covered, when it is covered, and when it is not covered
What what modify or add coverage to an existing coverage form? Endorsements
What can modify or remove coverage from an existing coverage form? Exclusions
What is the final part of an insurance policy that outlines responsibilities Policy Conditions
Created by: kjaehnke
Popular Insurance sets

 

 



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