Why are insurance policies considered conditional contracts?

Insurance policies are termed conditional contracts because they require certain conditions to be fulfilled for the contract to be valid and enforceable. In the context of insurance, these conditions refer to specific obligations that both the insurer and the insured must adhere to as outlined in the policy. For instance, the insured must pay premiums and provide truthful information when applying for the coverage, while the insurer must provide coverage as specified in the policy under agreed circumstances. If these conditions are not met, the contract may not hold up legally, and coverage may be denied. This interplay of requirements establishes the conditional nature of insurance contracts, distinguishing them from other types of agreements.