Question

In: Economics

The portion of a property insurance policy that summarizes the types and locations of covered property, policy limits, and premiums rates is called the

The portion of a property insurance policy that summarizes the types and locations of covered property, policy limits, and premiums rates is called the 


A. coverage form. C. policy conditions. D. policy declarations.


Solutions

Expert Solution

Solution: policy declarations

Explanation: The policy declarations contain all of the basic information such as what risks or property are covered, the policy limits, and the premiums rates. The insurance declarations page simplifies everything by giving an easy basic overview of an insurance policy which is generally the front page so everything is clearly outlined along with the expenditure associated with the coverage’s listed on the page


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