Where would you find the policy limit and deductible for a property or liability policy?

Where would you find the policy limit and deductible for a property or liability policy?

• A. Declarations
• B. Insuring Agreement
• C. Exclusions
• D. Conditions

Answer: (A)

Policy limits and deductibles are shown on the Declarations page. This page summarizes the essential terms of the contract—who is insured, the property or risk, the policy period, the coverage amounts and limits (including per-claim and aggregate limits where applicable), the deductibles, the premium, and any endorsements. The Insuring Agreement explains what the insurer promises to cover and under what conditions, but it does not set the deductible or the total limit—that information lives on the Declarations. Exclusions tell you what isn’t covered, and Conditions cover duties, loss procedures, and other policy provisions. So the place to find the policy limit and deductible is the Declarations page.

Policy limits and deductibles are shown on the Declarations page. This page summarizes the essential terms of the contract—who is insured, the property or risk, the policy period, the coverage amounts and limits (including per-claim and aggregate limits where applicable), the deductibles, the premium, and any endorsements. The Insuring Agreement explains what the insurer promises to cover and under what conditions, but it does not set the deductible or the total limit—that information lives on the Declarations. Exclusions tell you what isn’t covered, and Conditions cover duties, loss procedures, and other policy provisions. So the place to find the policy limit and deductible is the Declarations page.