What documentation typically outlines the risks covered by a property insurance policy?

The declarations page is a crucial component of a property insurance policy, serving as a summary that provides key information about the coverage. This document typically outlines the risks covered by the policy, including the types of perils insured against, the amount of coverage, policy limits, and the insured property details.

The declarations page gives policyholders a clear and concise overview of their coverage, ensuring they understand what is protected under the insurance policy. This transparency is essential for effective risk management and assists in making informed decisions about their insurance needs.

In contrast, other options like endorsements modify existing coverage but do not provide a comprehensive overview of risks covered; exclusion lists specify what is not covered under the policy rather than detailing what is; and acknowledgement forms are typically used to confirm that a policyholder has received or understood specific terms rather than outlining the covered risks. Thus, the declarations page stands out as the primary document that clearly summarizes the insured risks in a property insurance policy.