What is a mandatory part of an insurance policy that provides essential information unique to each contract?

In an insurance policy, the declarations section is crucial as it provides specific details that personalize the contract for the insured. This section includes important information such as the names of the insured parties, the policy number, the effective dates, the coverage limits, and the types of coverage provided. This personalized data is fundamental in establishing the scope of the insurance contract and verifying that it meets the needs of the policyholder.

The terms and conditions outline the general provisions and obligations under the contract, but they do not contain the unique information pertinent to the specific policyholder. Exclusions identify what is not covered under the policy, while endorsements serve to modify or add coverage to the existing policy. While all these elements are important, they do not encapsulate the personalized and essential information that the declarations section uniquely provides.