Which document provides a summary of coverage and limitations of an insurance policy?

The declarations page of an insurance policy serves as a summary of coverage and limitations. This document prominently outlines the essential details of the insurance policy, including the types of coverage offered, the coverage limits, deductibles, the insured party's information, and the policy period. It acts as a critical reference point to help policyholders understand their insurance coverage at a glance.

The other options do not provide a comprehensive summary of the policy's coverage and limitations. The application is primarily a document where the applicant provides information to obtain insurance but does not summarize coverage. The policy premium notice serves to inform the policyholder about the premium due and its payment schedule but lacks a detailed summary of the coverage itself. Lastly, the preamble typically serves as an introduction or opening to the policy document but does not encapsulate the details regarding coverage and limitations in the same manner as the declarations page.