Which principal part of a standard policy contains the insured's name, address, and policy limits?

• A. Declarations
• B. Insuring Agreement
• C. Conditions
• D. Exclusions

Answer: (A)

The declarations page is where essential identifying information about the policy is found, including the insured’s name, address, and the policy limits. This section acts as a summary of who is insured, where they are insured, and the maximum amounts the policy will pay, along with other basic details like the policy period and premium.

The part that states the insurer’s promise to cover claims in exchange for the premium is the Insuring Agreement, which explains what is covered but not who is insured or the monetary limits. The Conditions outline the duties and procedures that must be followed after a loss and other policy terms. The Exclusions specify what perils or situations are not covered by the policy. Because the declarations page contains the insured’s identity and the policy limits, it’s the part that best fits the described information.