Which part of an insurance policy outlines the obligations of both the insurer and insured?

The section of an insurance policy that outlines the obligations of both the insurer and the insured is the Conditions section. This section specifies the duties and responsibilities that both parties must uphold in order for the policy to remain in effect and for claims to be processed. For example, it may include obligations such as timely payment of premiums, the insurer's duty to defend the insured in a liability claim, and the requirement for the insured to notify the insurer of a loss in a timely manner.

This part of the policy ensures clear communication regarding expectations and requirements, promoting a mutual understanding between the insurer and insured. This clarity is essential to ensuring that both parties are aware of their responsibilities, which helps prevent disputes and facilitates smooth claims handling processes.