What is a primary consideration when conducting an insurance policy review?

When conducting an insurance policy review, a primary consideration is that policies may contain conditions that void coverage if not complied with. This aspect is critical because insurance contracts often include specific requirements that the policyholder must fulfill to maintain coverage. If these conditions are overlooked or not adhered to, the insurer may deny a claim based on noncompliance, even when the loss appears to be covered.

Understanding these conditions is essential for ensuring that policyholders are aware of their obligations, which might include notifying the insurer of changes in risk, maintaining certain safety measures, or complying with warranty provisions. This knowledge enables policyholders to avoid potentially significant gaps in coverage, ensuring that they are adequately protected in the event of a claim.