What document describes the rights and responsibilities of the parties in an insurance contract?

The policy document is the primary legal instrument in an insurance contract that outlines the rights and responsibilities of both the insurer and the insured. It details the coverage provided, the terms and conditions, the obligations of each party, and the procedures to follow in the event of a claim. This document serves as a comprehensive reference for understanding the expectations and requirements that govern the insurance relationship.

In contrast, other documents such as a certificate of insurance might provide proof of coverage but do not detail the terms of the contract. Endorsements can modify or add to the policy but are supplementary to the main policy document and do not establish the primary rights and responsibilities. An application form is primarily used to gather information from the applicant and may not reflect the binding terms of the insurance contract itself. Thus, the policy document is essential for understanding the complete framework of the agreement between the insurer and the insured.