Texas Adjuster Practice Test

What is the term for the part of an insurance policy that outlines the specifics including the policyholder's name and coverage details?

1. Declarations Page

2. Exclusions Page

3. Conditions Page

4. Endorsements Page

The correct answer is: Declarations Page

The term that refers to the section of an insurance policy outlining crucial specifics, such as the policyholder's name and coverage details, is known as the Declarations Page. This page is essential because it summarizes the main points of the insurance contract and provides clear, concise information that both the insurer and the policyholder can reference. It typically includes the effective dates of coverage, the types of coverage provided, limits of insurance, premiums due, and relevant details about the insured property or individuals. The Declarations Page essentially acts as the face of the insurance policy, allowing easy access to important information. This is vital for both the insurer in managing the policy and the insured in understanding their coverage. Other sections, such as the Exclusions Page, Conditions Page, and Endorsements Page, serve different purposes related to what is not covered, the responsibilities of both parties, and modifications to the policy, respectively, but do not provide the foundational details that the Declarations Page does.