Common use of INSURING AGREEMENT Clause in Contracts

INSURING AGREEMENT. If you pay your premium when due, we agree to insure you, subject to the terms of this policy, for the coverage shown on the Declarations Page, up to the limits of liability. If you make your initial payment by check or any method other than cash, coverage under this policy is conditioned upon that initial payment being honored when first presented for payment to your bank or financial institution.