What information is typically found in the common policy declarations section of a commercial property policy?

The common policy declarations section of a commercial property policy serves as a critical summary that outlines essential details about the insurance coverage. This section typically includes specifics regarding the coverage amounts and terms of the policy, which delineate the extent of protection offered to the property and any limits or specific conditions that apply.

This focus on financial parameters—such as the insured value of the property, applicable deductibles, and the effective dates of coverage—ensures that policyholders have a clear understanding of what is covered and under what circumstances. By presenting this consolidated information at the beginning of the policy, it provides an accessible reference point for both the insurer and the insured.

In contrast, other options relate to information that is not typically part of the declarations section. The loss history of the property is more relevant for underwriting or claims processes but is not included in the declarations. Similarly, contact information for the insurance agent may be found within the policy but is not its primary function, and the property’s maintenance history is seldom part of the documentation for the policy itself. Overall, the declarations section is vital for establishing the framework of the coverage.