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  Five Parts of Insurance Policy

  Declarations
  Insuring Agreements
  Definitions
  Exclusions
  Conditions
 
 Life Insurance

  Life Insurance
  Terms Life Insurance
  Whole Life Insurance
  Universal Life Insurance
  Children's Life Insurance 
  Senior Life Insurance 
  Health Insurance

  Health Insurance
  Managed Care
  Fee-For-Service Health Plan
  Health Maintenance Organization
  Point-of-Service Plans
  Preferred Provider Organizations

 

 

 

 

 

  Insurance Policy

An insurance policy is a contract that defines the obligations of both the insured and the insurer. Most insurance policies contain terms that are hard to understand and policies are often written in a confusing manner. Taking the time to understand your policies is well worth the effort. Besides providing coverage, policies also assign certain responsibilities to the insured. Your failure to meet these obligations may impair the coverage your organization relies on for protection.

Every insurance policy has five parts: declarations, insuring agreements,definitions, exclusions and conditions. Many policies contain a sixth part:endorsements. Use these sections as guideposts in reviewing the policies. Examine each part to identify its key provisions and requirements.

  Auto Insurance

  Auto Insurance
  Third Party
  Third Party, Fire & Theft
  Comprehensive Insurance
 
  Home Insurance

  Home Insurance
  Comprehensive
  Basic/Named Perils
  Broad
  No Frills 
 Liability Insurance

  Public Liability
  Product Liability
  Employers Liability
  General Liability
  Insurable Risk

 

 


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