Question

The policy begins with a Declarations Page, which identifies the named insured covered by the policy and the distinguishing elements of the coverage. As part of its simplified approach, the policy uses a conversational tone. Throughout the policy, "you" refers to the named insured, and "we" means the insurance company. No "party of the first part" found here.

A. True
B. False

Answer 1

The policy begins with a Declarations Page, which identifies the named insured covered by the policy and the distinguishing elements of the coverage. The policy uses a conversational tone and refers to the named insured as 'you' and the insurance company as 'we'.

Step-by-step explanation:

The statement is true. The policy begins with a Declarations Page, which identifies the named insured covered by the policy and the distinguishing elements of the coverage. The policy uses a conversational tone and refers to the named insured as 'you' and the insurance company as 'we'. This approach makes the policy more user-friendly and easy to understand.