Which document typically serves as evidence of an insurance contract?

The insurance policy serves as the primary evidence of an insurance contract because it is the formal document that outlines the terms and conditions agreed upon by both the insurer and the insured. This document includes essential details such as the coverage limits, the risks covered, the exclusions, the insured parties' obligations, and the rights of each party. Because the insurance policy is comprehensive and legally binding, it provides clear proof of the agreement in case disputes arise regarding coverage or claims.

In contrast, while the proposal form is used to gather information and represents the applicant's request for coverage, it is not an evidence of the contract itself, as the contract is formed only once the insurer has accepted the risk and issued the policy. The cover note is a temporary document that provides proof of insurance until the actual policy is issued but does not contain the full contractual details. The premium receipt serves as a record of payment of the premium but does not encapsulate the terms of the insurance contract. Each of these documents plays a role in the insurance process, but only the insurance policy stands as the definitive evidence of the contract.