In an insurance contract, the insurer’s promise to pay.
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That part of an Insurance Policy which states in general terms the agreement of the Insurer to protect the insured. See Also: “Insurance Policy.”
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US: That portion of the insurance policy in which the insurer promises to make payment to or on behalf of the insured. The insuring agreement is usually contained in a coverage form from which a policy is constructed. Often, insuring agreements outline a broad scope of coverage, which is then narrowed by exclusions and definitions.
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The section of the policy contract that specifies the hazards the insured is covered against, the people covered, and the length of the contract.