Which component of a policy is personal and specific to an insured?

The component of a policy that is personal and specific to an insured is the policy schedule. This part of the insurance policy contains key details unique to the specific policyholder, including the insured parties, the property or risks covered, limits of coverage, the premium amount, and the period of insurance.

The policy schedule effectively tailors the standard provisions of the insurance agreement to reflect the individual circumstances of the insured party, making it distinctly personal. Each policy schedule serves as a customized document that aligns the terms of coverage with the specific needs and information related to the insured.

In contrast, other components such as the operative clause, policy conditions, and recital clause serve broader roles within the insurance agreement. The operative clause outlines what is covered under the policy, while the policy conditions detail the obligations of the insurer and the insured, and the recital clause provides general background information about the policy. These elements can apply universally across different insured parties and are not as personalized as the policy schedule.