Policy Structure & ProvisionsPregunta 456 de 474
The insured's duties after a loss, the appraisal clause and the cancellation clause are all found among the policy's:
a.Definitions
b.Exclusions
c.Conditions
d.Endorsements
Explicación
Conditions are the rules of the bargain: what the insured must do to collect, what the insurer may do, and how disputes, cancellation and other insurance are handled. Failing a condition can cost an otherwise valid claim. Definitions only assign meanings to quoted terms, exclusions remove causes of loss from coverage, and endorsements are attachments that amend the form rather than the place these clauses live.
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