What is the purpose of a condition in a property policy?

The purpose of a condition in a property policy is to outline the obligations of the insured and insurer under the policy. Conditions set forth the responsibilities that both parties must adhere to in order for the policy to be valid and for coverage to apply. They serve to clarify processes such as how and when to report a loss, what actions the insured must take to protect the property after damage occurs, and the claimant's requirements for filing a claim.

While additional options may deal with aspects of the policy such as exclusions or coverage options, they do not define the specific roles and responsibilities that conditions represent. By clearly stating obligations, conditions help ensure that both the insurer and insured understand their respective duties, which can prevent disputes and facilitate the claims process. This foundational aspect of conditions is crucial for the effectiveness of any insurance contract.