Which financial document summarizes an insurance policy's coverage?

The correct answer is a policy summary or insurance policy because this document is specifically designed to outline the key details of an insurance plan. It provides essential information about the coverage, including what is included and excluded, the limits of liability, premiums, and any additional features or riders.

Understanding the specifics of coverage is vital for policyholders, as it allows them to make informed decisions about their insurance needs, ensuring that they have the appropriate protection in place.

In contrast, an investment portfolio focuses on financial assets and their performance rather than insurance coverage. A personal finance statement provides a broader view of an individual's financial situation, including income, expenses, and overall net worth but does not specifically summarize insurance policy details. Finally, a debt reduction plan is aimed at strategies for paying off debt and does not pertain to insurance coverage at all.