What document outlines the terms and conditions of an insurance policy?

The insurance contract is the foundational document that outlines the terms and conditions of an insurance policy. This contract includes essential details such as coverage limits, exclusions, premiums, and the responsibilities of both the insurer and the insured. It serves as the legal agreement between the two parties and lays out what is expected in terms of coverage and obligations in the event of a claim.

While the policy declaration page provides a summary of the coverage, including the policyholder's information, coverage limits, and premium amounts, it does not contain the detailed terms and conditions. The insurance certificate serves as proof of insurance rather than the comprehensive terms of the policy. An endorsement, on the other hand, is a document that modifies the original policy by adding or changing coverage or terms but does not represent the entire contract itself. Therefore, the insurance contract is the complete document that encapsulates all the specific conditions and agreements made between the insurer and the insured.