To find what perils are covered under a policy, where should one look?

The best approach to determine the perils that are covered under an insurance policy involves examining both the Insuring Agreement and the Exclusions. The Insuring Agreement outlines the specific perils that the policy covers, detailing what is included within the protection of the policy. This section is crucial because it explicitly states the events or risks that the insurer agrees to provide coverage for.

In contrast, the Exclusions section specifies the perils that are not covered by the policy. Understanding both sections is essential because it provides a complete picture: the Insuring Agreement shows what is covered, while the Exclusions clarify the limitations and risks that the insurer will not pay for.

Relying solely on the Insuring Agreement or Exclusions would not provide a comprehensive understanding of the coverage. The Declarations Page, while informative regarding the particulars of the policy such as the parties involved, the policy period, and limits, does not specifically detail the covered perils. Thus, to grasp the full scope of coverage, including what is explicitly covered and what is not, it is necessary to consider both the Insuring Agreement and the Exclusions together.