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What are policy provisions in an insurance contract?

Policy provisions in an insurance contract can include such details as coverage periods, exclusions, riders, start dates, and other important information. As it determines whether coverage applies and for what amount, it is important for policyholders to carefully read the details and provisions of their policy and understand them.

What are the 12 mandatory provisions in an insurance policy?

The provisions appear in an insurance policy as a series of clauses. The 12 mandatory provisions include the rights and obligations of both the insurer and the insured.

What is an insurance policy?

An insurance policy is a legal contract between the insurer (your insurance company) and the insured (the policyholder). Legal agreements aren’t notorious for being fun to peruse, but reading and understanding your entire policy ensures you have the coverage you need and expect under the conditions you assume.

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