What part of an insurance policy summarizes the guarantees provided by the insurance company?

The insuring agreement is a critical component of an insurance policy as it outlines the core promises made by the insurance company to the policyholder. It essentially summarizes the coverage provided under the policy, detailing what risks are insured and under what conditions the insurer will provide compensation in the event of a loss. This section clearly defines the scope of coverage, including what is and is not included, thus setting the foundation for the policy's obligations.

In contrast, conditions specify the duties and responsibilities of both the insurer and the insured, but do not summarize the guarantees. Endorsements are modifications or additions to the policy that can change its terms or provide additional coverage, while definitions provide clarity on the terms used within the policy but do not summarize guarantees. Therefore, the insuring agreement distinctly fulfills the role of summarizing the guarantees provided by the insurance company, making it the correct answer.