Despite their complexities, insurance contracts generally can be divided into the following parts:
Although all insurance contracts do not necessarily contain all six parts in the order given here, such a classification provides a simple and convenient framework for analyzing most insurance contracts.
The declarations section is the first part of an insurance contract.
Declarations are statements that provide information about the particular property or activity to be insured. In property insurance, the declarations page typically contains information concerning the identification of the insurer, name of ...