What defines the contract between an insured and an insurance company that outlines coverage for specific events?

The insurance policy serves as the foundational document that outlines the relationship between the insured and the insurance company. It contains the terms, conditions, coverage limits, and exclusions relevant to the insured's particular situation. By defining the specific events that are covered, such as property damage, liability, or health issues, the policy provides a clear understanding of what the insurer will pay for and under what circumstances.

The term 'insurance policy' encapsulates the comprehensive nature of this contractual agreement, detailing rights and obligations of both parties. Therefore, it is the primary document that specifies the coverage and creates a binding agreement, ensuring both the insured and insurer know what to expect in various situations.

Other options like endorsements or coverage forms may modify or supplement the contract but do not themselves define the primary relationship established by the insurance policy. An insurance certificate serves as proof of coverage but does not provide the comprehensive details of what that coverage entails. Thus, the insurance policy is indeed the correct answer, as it is the key document that outlines the specifics of the coverage provided.