Which component of a policy outlines special provisions and terms related to the coverage?

The component of a policy that outlines special provisions and terms related to the coverage is known as endorsements. Endorsements are modifications or additions to an insurance policy that can change the terms, coverage, or conditions of the policy. They allow for customization of the insurance contract to better meet the insured's needs or to comply with specific regulations.

For example, an endorsement may add coverage for a specified item that is not covered under the standard terms of the policy, or it might provide additional protection against certain risks. This makes endorsements a critical component for tailoring an insurance policy to address specific situations or requirements.

Other components such as the insuring agreement, declarations, and conditions play different roles within the structure of an insurance policy. The insuring agreement specifies the basic coverage provided, the declarations section summarizes key details like the insured's name and coverage limits, and the conditions specify the duties and obligations of the insured and insurer. While these sections are essential to understanding the overall policy, it is endorsements that specifically highlight any special terms or modifications to the coverage itself.