What information is provided by an insurance policy declaration page?

The declaration page of an insurance policy serves as a summary of the key details of the policy. It includes essential information such as the policyholder's name, the insured parties, the coverage amounts for different types of insurance, the effective date of the policy, and the premium amount that must be paid. This page is critical as it outlines the agreement between the insurer and the insured, making it fundamental for policyholders to understand exactly what coverage they have purchased and the costs associated with that insurance.

Other options may describe important aspects of an insurance policy, but they do not primarily represent the function of the declaration page. For instance, while the applicant's personal information is relevant, it typically does not encompass the core details about coverage and premiums that the declaration page highlights. Similarly, exclusions and limitations, as well as renewal terms, are essential parts of the policy but are generally detailed in the policy itself rather than summarized on the declaration page.