Which contract feature allows an insured to only accept or reject the policy without negotiation?

The feature that allows an insured to only accept or reject the policy without negotiation is known as adhesion. This characteristic is central to insurance contracts, which are typically drafted by the insurer with standard terms and conditions. The insured does not have the opportunity to alter the contract; they can only agree to the terms as they are presented or decline the offer altogether.

This one-sided nature of adhesion contracts means that everything is set by the insurer, which fosters a reliance on clarity and fairness in the presentation of terms. If there's ambiguity in the contract, courts often interpret it in favor of the insured since they had no role in drafting it. This characteristic is vital in protecting consumers and ensuring they understand the responsibilities and rights encapsulated in the insurance policy.