A vertical diagram of a policy document with five labeled sections. (1) Declarations page — the policy summary: named insureds, coverage limits, deductibles, premium. (2) Insuring agreement — what the insurer promises to pay for. (3) Exclusions — what the insurer will not pay for. (4) Conditions — what the insured must do to preserve coverage. (5) Definitions — the terms of art. Annotations point to the sections where the traps hide (exclusions and conditions) and where the summary lives (declarations).
Key Ideas
Read the declarations page first. Then the exclusions. Then the conditions.
Every dispute is decided by the definitions section.