Which document typically details the contractual insurance terms and conditions between the insured and the insurer?

The document that typically details the contractual insurance terms and conditions between the insured and the insurer is the insurance policy. This document serves as the comprehensive contract that outlines all the essential elements of the agreement, including the coverage provided, exclusions, limits of liability, and responsibilities of both the insured and the insurer. It defines the specific rights and obligations that each party has under the contractual agreement.

While the declarations page provides a summary of the policy, such as the insured's information, coverage limits, and premiums, it does not encompass the full contractual terms. The coverage summary might briefly outline what is covered but lacks the detailed stipulations found in the complete policy document. A binder agreement is a temporary document that provides proof of insurance until the formal policy is issued, and it does not contain the comprehensive details of the contractual relationship. Therefore, the insurance policy is the definitive and authoritative source for the terms and conditions between the insured and the insurer.