A policy wording, schedule and endorsements work together to describe the insurance contract. A quote, brochure or certificate can summarise parts of an arrangement without replacing those documents.
The distinction that matters
The schedule identifies the particular risk and selections; the wording describes the standard terms; endorsements can alter those terms. Confirm that all relate to the same policy period and insured entity.
What to check
- Correct insured name and business activities.
- Policy period and selected sections.
- Definitions, exclusions and endorsements.
- Claims, cancellation and renewal provisions.
Example to discuss
If a summary seems inconsistent with an endorsement, ask the insurer for written clarification before relying on the broader-sounding document.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.