What are the "Conditions" referred to in an insurance policy?

The "Conditions" in an insurance policy refer to the requirements necessary for maintaining coverage. These conditions outline the obligations of both the insurer and the insured, detailing what actions must be taken to ensure the policy remains active and valid. For example, they might specify the necessity for the policyholder to pay premiums on time, notify the insurer of any changes in risk, or comply with specific guidelines.

Understanding the conditions is crucial because failing to adhere to them can result in a loss of coverage or denial of claims. This aspect of an insurance policy sets the framework for the relationship between the insurer and the insured, ensuring both parties uphold their responsibilities in the contract.