What type of policy structure includes declarations, coverage forms, and endorsements?

A monoline policy is structured to include declarations, coverage forms, and endorsements. The declarations provide essential information about the insured, the coverage being provided, and the limits of that coverage. Coverage forms outline the specific protections included within the policy, detailing the types of risks that are insured against. Endorsements, on the other hand, are amendments or additions to the original policy that modify its coverage, limits, or other conditions.

This structure allows for clear delineation of coverage, making it easier for policyholders and adjusters to understand the specific terms, conditions, and protections available. Monoline policies are typically used for a single type of coverage, such as property or liability insurance, which means they can be simpler and more straightforward than other types of policies that combine multiple coverages.

In contrast, combined policies often bundle different coverage types, which can complicate the structure compared to a monoline policy. Comprehensive policies usually refer to a broad range of coverages in a single package but don't specifically define the structural components like declarations, coverage forms, and endorsements. Catastrophe policies specifically address losses from natural disasters or significant events and may not commonly include the broader structural terminology used in monoline policies.