Which document outlines an insurer's obligations to cover specific events?

The insurance policy is the definitive document that outlines an insurer's obligations to cover specific events. It serves as a legal contract between the insurer and the policyholder, detailing the types of risks covered, the limits of coverage, exclusions, and the obligations of both parties.

Within the policy, you will find essential information such as the effective date, the duration of coverage, the insured parties, definitions of terms, and specific conditions that must be met for coverage to apply. This clarity ensures that both the insurer and the insured understand the scope of protection provided.

Other documents, such as underwriting guidelines, play a role in the assessment and acceptance of risks by the insurer but do not specify coverage details themselves. The claims submission form is a procedural document for initiating a claims process and does not outline obligations under the policy. Meanwhile, a policyholder agreement could encompass various terms and conditions but is not the primary document specifying coverage obligations like an insurance policy does.