What key information is typically found on a policy declaration page?

• A. The insured's name and contact information
• B. The insured's name, policy number, coverage limits, and premium amounts
• C. The insurance company's financial rating
• D. A detailed explanation of policy exclusions

Answer: (B)

The declaration page of an insurance policy serves as a summary of the most important details about the coverage. It typically includes the insured's name, policy number, coverage limits, and premium amounts. This information is essential as it provides the policyholder with a clear view of what is covered and the terms of their insurance.

While other elements such as the insured's name and contact information may appear as part of the declaration, the comprehensive nature of option B encapsulates the core aspects that define the insurance agreement. Understanding these elements is vital as they outline who is insured, the extent of coverage, and the financial responsibilities tied to the policy.