Question

What part of the insurance policy describes what is covered and the perils the policy insures against?

I'm obligated to ask this question of Insurance subject matter

The question was asked in a mock interview.

Other related questions to my question are:

What part of an insurance policy describes what is covered and the perils the policy insures against?

What part of an insurance policy describes what is covered?

Which section of the policy contains the covered perils?

What are the parts of a policy structure in insurance?

Answer 1

The correct answer is: Insuring agreement: This section summarizes the insurer's agreement to pay covered claims. For a property policy, it will state the property covered and types of perils, or causes of loss, the policy covers. In a liability policy, the insuring agreement describes the types of activities covered.

The title of my answer can be How to Understand an Insurance Policy