Policy provisions are specific clauses or terms included in a policy document, such as an insurance policy or a contract. These provisions outline the rights and responsibilities of both parties involved, detailing what is covered, any exclusions, and the conditions under which the policy is valid. Understanding these provisions is crucial for policyholders to know what to expect in various situations. In the context of insurance, policy provisions can include aspects like coverage limits, deductibles, and the process for filing claims. They serve as a guide for both the insurer and the insured, ensuring clarity and reducing the likelihood of disputes. Familiarity with these terms helps individuals make informed decisions.