A Words in a policy which describe certain specifications, limitations or modifications. More in an A written contract of insurance. More that gives the The company providing the insurance coverage. More the right to demand an appraisal on the damaged property. It gives both the The company providing the insurance coverage. More and The entity (individual or otherwise) whose risk of financial loss from an insured peril is protected by the insurance policy. More a means of settling disputes over the value of lost or damaged property.