What document outlines the entire agreement between the insurer and insured?

The policy contract is the document that outlines the entire agreement between the insurer and the insured. This contract encompasses all terms, conditions, coverage limits, exclusions, and obligations of both parties, providing a comprehensive understanding of what is included and what is not in the insurance agreement. It serves as the legal framework governing the relationship, ensuring both the insurer and the insured are aware of their rights and responsibilities.

The declaration page typically summarizes key details such as the insured property's specific coverage amount, premium amount, and policyholder information, but it does not contain the detailed terms and conditions that the full policy contract provides. The insurance application captures the information given by the insured to the insurer but does not serve as the binding agreement itself. An amendment document alters existing terms of the policy but doesn’t provide an overarching agreement; it is part of the contract adjustments rather than encompassing the entirety of the agreement. Thus, the policy contract accurately reflects the complete understanding reached by both parties.