The four parts of an insurance policy are the declarations, the insuring agreement, the exclusions and conditions. The declarations set out who is insured, what is being insured and any limits applied to the policy; the insuring agreement outlines the scope of cover provided; exclusions outline what is not covered by the policy; and conditions provide further details about the policy, such as how to make a claim. Understanding these four parts of an insurance policy is the key to ensuring that you are fully protected and receive all of the benefits provided by your insurer.