Who or what is identified as an insured party in an insurance policy's declarations page?

The named insured is identified as the insured party on the declarations page of an insurance policy. This section of the policy specifically lists the individuals or entities covered under the insurance contract. The named insured is typically the person or organization in whose name the policy is issued and who holds the rights and responsibilities associated with that policy.

In insurance, clarity regarding who is covered is critical, as it delineates who can make claims and who has the coverage benefits stipulated in the policy. The declarations page is essentially a summary of the policy's key details, including the named insured, thus making it crucial for policyholders to understand who is recognized as insured under the terms of the policy.

Other options do not fit this context: mortgagee rights refer to the interests of a lender in a property, material fact pertains to crucial information that must be disclosed when underwriting a policy, and a multi-peril policy covers various types of risks under one policy, but none of them identify an insured party.