An insurance policy can be hard to read, but it's important that you know and understand what is in your policy. The insuring agreement states the responsibilities of the insurance company and of the policyholder. The conditions of the policy section gives requirements you must meet before the insurance company will pay a claim. The exclusions section lists the types of property and the kinds of losses that are not covered. Sometimes the exclusions are listed in the insuring agreement, along with descriptions of coverage.
Every insurance policy has a section defining the terms used in the policy.
Check these definitions often as you read your policy. The definition of a word or phrase can be important in determining your coverage. In newer policies, defined words or phrases are printed in boldface type or italics throughout the policy. With homeowners' insurance, more than with any other insurance, people assume they know about their coverage. Don't assume your policy covers specific perils.