Information on insurance policy coverage is often located on the policy itself or through an insurance agent. General information about coverage may be located on the insurance carrier's website.
It's important to keep a copy of an insurance policy in a safe location for future reference. A file cabinet with separate folders, a binder or some other organized form of record keeping helps individuals keep track of these important documents. In the unfortunate event that individuals must make an insurance claim, these documents should be easily accessible.
There are four basic components of an insurance contract or policy: the declarations page, insuring agreement, exclusions and conditions. The declarations page typically comes first in the policy, and it highlights the person or entity insured, what risks or property are covered, policy limits, and the period in which the policy is in effect. The insuring agreement discusses what is covered by the insurance company and is typically divided into two categories: the named perils coverage — or specific items listed that the insurance company will cover — and all-risk coverage, which explains that all loses are covered.
The exclusions component of the policy indicates which causes or losses aren't covered under a particular policy, and the conditions page often states that if certain conditions aren't met, the insurance carrier will deny the claim.