Which provision includes the insurance company's promise to pay the claim?

The insuring agreement is a crucial provision in an insurance policy that outlines the coverage provided by the insurer. It includes the insurance company's specific commitment to pay claims under the terms of the policy. This section defines what risks are covered, what types of losses are eligible for payment, and the conditions under which the insurer agrees to indemnify the insured. Essentially, it serves as the core of the policy, detailing the obligations of the insurer to compensate the policyholder in the event of a covered loss.

The other provisions mentioned, such as the consideration clause, outline the premiums and policy terms that are exchanged between the insurer and insured, while the entire contract clause asserts that only the written agreement, including endorsements, constitutes the full agreement between the parties. The ownership clause deals with the rights of the policyholder regarding the policy itself, but none of these provisions directly encapsulate the insurer's promise to pay claims as clearly as the insuring agreement does.