12 Rules for Reading an Insurance Policy
  • Ascertain who qualifies as an insured
  • Annotate the policy form
  • Confirm all forms and endorsements are attached
  • Read the Insuring Agreement first
  • Read the exclusions
  • Read the exceptions to the exclusions
  • When the policy refers to another section, read that section immediately
  • Pay attention to the conjunctions used in a list
  • Pay attention to key words and phrases
  • Read and understand the definitions of specifically defined terms
  • Understand and make sure all the policy conditions have been met
  • Confirm the coverage limits are adequate for the loss