Conditions Section Of An Insurance Policy

A few common sections of a policy include a declaration page definitions insuring agreement exclusions conditions exclusions and riders.

Conditions section of an insurance policy. A insurance policy is a contact between the policy holder and the insurance company providing the insured insurance. Policy conditions are circumstances under which insurance coverage is provided and excluded in an insurance policy. Policy conditions are typically listed in one or more sections of a policy.

The iso offers standard policy templates that many insurers use. If an insured experiences a loss due to an excluded peril or one that exceeds the coverage limit then the insurance company is not responsible for covering the loss or paying beyond the policy limit respectively.