Which document defines the specific terms and conditions of a property insurance policy?

The Insurance Policy Contract is the foundational document that outlines the specific terms and conditions of a property insurance policy. This contract serves to establish the legal relationship between the insurer and the insured, detailing what is covered under the policy, including the risks insured against, the limits of coverage, and the obligations of both parties.

It serves as a comprehensive agreement that governs the transactions and interactions throughout the policy period. Within this contract, various elements such as premium amounts, coverage limits, and exclusions are clearly enumerated, providing a definitive understanding of the insurance coverage provided.

While the Policy Declaration typically contains summary information like the insured's name, property details, and limits of liability, it does not encompass the entire scope of terms and conditions found in the Insurance Policy Contract. Meanwhile, the Coverage Form specifically outlines the types of coverage included under the policy but does not capture all the contractual obligations and conditions. Endorsements are modifications or additions to the existing policy but are viewed as supplementary documents rather than defining the core terms of the policy itself.