Which document outlines the terms and conditions of an insurance policy?

The policy declaration page is the document that outlines the terms and conditions of an insurance policy. This page typically provides essential information, such as the insured's name, the policy number, the coverage limits, the premium amount, the effective date of the policy, and a description of the insured property or risks. It serves as a summary of the policy and lays the foundation for what is covered and under what circumstances.

In contrast, the claims report is a document detailing the specifics of a claim that has been filed, focusing on the event that caused the loss and the associated damages. The addendum may include additional provisions or changes to an existing policy but does not serve as the primary source that outlines all terms and conditions. The underwriting manual is a guideline used by underwriters to evaluate and assess insurance risks, but it is not directly linked to the terms of a specific policy issued to an insured.