Which document outlines the terms of a property insurance policy?

The policy declaration serves as a comprehensive introduction to the terms of a property insurance policy. It typically provides essential information such as the insured property’s description, the coverage limits, the policyholder's details, and any other pertinent information required by both parties. This document lays the groundwork for understanding the coverage provided under the policy and helps the policyholder to ascertain their rights and responsibilities.

While endorsements modify or add coverage to the original policy, they are supplementary documents that cannot stand alone to provide a complete overview of the policy's terms. The insurance application is intended to gather information necessary for underwriting the policy but does not specify the terms or provisions of coverage. The coverage summary, although useful for summarizing benefits and limits, lacks the formal structure and detail found in the policy declaration itself. Therefore, the policy declaration is the primary document that outlines the essential terms of a property insurance policy.