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Insuring agreement. This provides information on the policys coverages. Conditions state the legal obligations and duties of the parties to the contract.
Typically, business classes eligible for BOPs include retail stores, apartment buildings, small restaurants, and office-based businesses.
Description: Insurance policy document is a reference document that contains all information regarding cover, insured, insurance company, premium paid, risk covered, and sum assured. The document is issued by the insurance company to outline their terms on which the document is issued.
Final answer: A Insurance policy summary includes information such as primary and secondary beneficiary designations, premium amounts and surrender values, and comparisons with similar policies.
There are four basic parts to an insurance contract: Declaration Page. Insuring Agreement. Exclusions. Conditions.
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Perils covered by property insurance typically include select weather-related afflictions, including damage caused by fire, smoke, wind, hail, the impact of snow and ice, lightning, and more. Property insurance also protects against vandalism and theft, covering the structure and its contents.
Insuring Agreement The portion of an insurance contract that describes what is covered. The insuring agreement usually states the perils insured against, the person(s) and/or property covered, the property locations, and the period of the contract.
For a property policy, the insuring agreement 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.

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