Which of the following is included in the "Commercial Property Declaration"?

The inclusion of a description of the property in the "Commercial Property Declaration" is critical because this document serves as a central component of an insurance policy, providing essential details that outline what is being insured. It typically includes specific information about the property’s location, type, structure, and possibly the use of the property. This description helps define the boundaries of coverage and ensures that both the insurer and the insured have a clear understanding of what is being protected under the policy.

The clarity and accuracy of the property description are vital for claims processing and setting the correct premiums based on the property's unique characteristics and risks associated with it. Without an accurate description of the property, there could be misunderstandings later concerning what is covered in the event of a loss or damage.

While insurance limitations, policy amendments, and legal obligations are also important components of a comprehensive insurance arrangement, they serve different functions within the context of a commercial property insurance policy. This is why they are not included in the declaration itself, which focuses primarily on identifying and describing the insured property.