Which of the following is typically included in an insurance policy?

The inclusion of terms and conditions of coverage in an insurance policy is fundamental to the contract nature of insurance. These terms delineate what is covered, the scope of protection, exclusions, and the obligations of both the insurer and the insured. It is this core information that clarifies under what circumstances the insurer will pay claims and what responsibilities the policyholder must fulfill, such as paying premiums and reporting claims promptly.

Having clear terms and conditions allows policyholders to understand the extent of their coverage and helps prevent disputes between them and the insurer. It is a requirement that ensures policyholders are fully informed of their rights and responsibilities under the policy.

In contrast, while a list of claims made by the policyholder may be relevant to an individual’s insurance experience, it is not typically included in the policy itself. The insurer's profit margin is a business concern not commonly addressed in the policy details, focusing instead on coverage specifics. Lastly, while a contact number for customer service is helpful for policyholders, it is usually found in policy documentation or customer communication but not as a core component of the actual coverage terms.