What part of an insurance policy provides details such as the name of the insured and the policy limits?

The section of an insurance policy that provides essential details such as the name of the insured, the policy number, premium amounts, and policy limits is known as the Declarations. This part serves as the introduction to the policy, summarizing important information and giving the policyholder a clear understanding of the coverage provided.

Variations might be found in other sections of an insurance policy, but the Declarations are specifically designed to outline who is covered and the extent of coverage in straightforward terms. This is crucial for both the insurer and the insured, as it establishes the context of the agreement.

In contrast, the other sections serve different purposes: Conditions set forth the rules and duties of both parties during the policy period, Definitions clarify specific terms used in the policy, and Endorsements are modifications or additions to the original policy that change its coverage or terms. Understanding these distinctions helps in grasping how insurance policies are structured and the significance of each section.