Which part of an insurance contract offers explanations for key terminology?

The section of an insurance contract that provides explanations for key terminology is the Definitions part. This section clearly outlines specific terms used throughout the policy, ensuring that both the insurer and the insured have a mutual understanding of important concepts related to the coverage. By defining terms, this section helps prevent disputes and ambiguities regarding what is covered and what is not, thus facilitating clear communication and expectations between the parties involved.

The other sections, such as Exclusions, Declarations, and Conditions, serve different purposes. Exclusions specify what is not covered by the policy, Declarations provide the specifics of the insurance agreement such as the named insured, the coverages provided, and the policy limits, while Conditions outline the duties and obligations of both the insurer and the insured under the policy. Each of these components is vital for the overall contract but does not specifically focus on clarifying terminology like the Definitions section does.