Which section of the insurance policy details what can be claimed and under what circumstances?

The insuring agreement is a crucial section of an insurance policy because it outlines the core of the coverage provided by the insurance contract. This section specifies what risks are covered, under what circumstances claims can be made, and the types of losses or damages the insurer agrees to compensate.

Understanding the insuring agreement is essential for policyholders as it clearly defines their rights and the extent of the protection they have under the policy. It typically includes key details such as the coverage limits, the types of claims permitted, and any specific requirements necessary for a claim to be valid.

In contrast, other sections of the policy, such as definitions, conditions, and exclusions, serve different purposes. The definitions section clarifies the terms used within the policy, while the conditions section sets out the obligations of the insured and insurer, including requirements for filing claims. Exclusions outline what is not covered under the policy, which is also important but does not address the fundamental coverage like the insuring agreement does. Thus, the insuring agreement is the right choice for detailing what can be claimed and the circumstances under which those claims can be made.