Key aspects of "Know Your Policy" include:

1. Coverage Details: Understanding what types of risks and events are covered by the insurance policy and what is excluded.

2. Policy Limits: Knowing the maximum amount the insurance company will pay for covered claims.

3. Deductibles: Understanding the amount the policyholder must pay out of pocket before the insurance coverage applies.

4. Premiums: Knowing the cost of insurance, including regular premium payments.

5. Renewal and Cancellation Terms: Understanding the conditions under which the policy can be renewed or canceled.

6. Claim Procedures: Familiarizing oneself with the process of filing a claim, including required documentation and deadlines.

4. Beneficiary Designation: Identifying who will receive the benefits of the policy in case of a claim (e.g., for life insurance policies).

5. Policy Exclusions: Being aware of events or circumstances that are not covered by the policy.

6. Policy Term: Knowing the duration for which the policy is in effect.

6. Rights and Responsibilities: Understanding both the policyholder's rights and obligations under the insurance contract.