Which document provides policy specifics to the insured?

The document that provides policy specifics to the insured is the insurance policy itself. This document serves as the formal contract between the insurance provider and the insured, detailing exactly what is covered, the terms and conditions of the coverage, limits of liability, exclusions, and the responsibilities of both parties. It is a comprehensive record that summarizes the coverage options selected by the insured and provides clarity on the protections and obligations under the policy.

In contrast, the policy application is more about the information the applicant provides to the insurer to obtain coverage, and does not include specific terms or conditions of the insurance. An insurance binder, while it does provide temporary coverage, is a preliminary agreement that outlines the basic terms of coverage until the actual policy is issued. Lastly, a quote estimate provides potential pricing for insurance coverage but does not include the detailed terms and protections that an actual policy does. Thus, the insurance policy is vital as it acts as the definitive guide for what the insured is entitled to under their coverage.