If a policy owner wants to know whether or not a specific loss is covered by an insurance policy, they should review which section of the policy?

The insuring agreement section of an insurance policy is where the coverage provided is clearly outlined. This section specifies what types of risks are covered and under what circumstances the insurer will provide compensation for a loss. By reviewing the insuring agreement, the policy owner can determine if the specific loss they are concerned about falls within the parameters of the coverage promised by the policy.

In contrast, the other sections serve different purposes. The declarations section typically provides an overview of the policy, including the insured's information and coverage amounts, but does not detail what is covered. The exclusions section lists specific situations or conditions that are not covered by the policy, which is important to consider but does not directly answer questions about coverage. The conditions section outlines the obligations of both the insurer and the insured, including what the insured must do to ensure coverage remains in effect, but again, it does not specify coverage. Thus, for determining coverage of a specific loss, the insuring agreement is the most relevant section to examine.