Which section of a policy identifies its coverage limits, deductibles, and premium?

The declarations page of an insurance policy serves as a concise summary of the key details of the policy. It outlines the coverage limits, deducibles, and the premium amount that the insured is required to pay. This section is critical because it clearly lists the specifics that are vital for both the insurer and the insured to understand the extent of coverage and financial commitments. The declarations page essentially acts as the introductory section of the policy, providing essential information at a glance.

In contrast, the insuring agreement primarily explains the insurer's promise to pay for certain types of losses and the conditions under which coverage applies. The definitions section clarifies specific terminology used throughout the policy, aiding in the understanding of terms but not detailing coverages or costs. Lastly, the policy conditions provision outlines the responsibilities and obligations of both the insurer and the insured but does not specify limits or premiums. This is why the declarations page is the appropriate choice for identifying coverage limits, deductibles, and premiums.