Which document serves as evidence of the insurance contract?

The policy document serves as the primary evidence of the insurance contract. It outlines the terms and conditions, coverage limits, exclusions, and rights and responsibilities of both the insurer and the insured. This document is critical because it formalizes the agreement between the parties, acting as the definitive source for what is covered under the insurance plan.

While a binder serves as temporary proof of coverage, it is not the final contract; it indicates that coverage is in place until the actual policy is issued. The application may provide details about the applicant and the type of coverage requested, but it does not constitute the contract itself. A claim form is used to initiate a claim under the policy but does not serve as evidence of the insurance contract. Thus, the policy document is the correct answer as it represents the complete and enforceable agreement between the insurer and the insured.