Final answer:
The declaration component of an insurance policy personalizes the policy with details of who and what is insured, including information like the insured's name and coverage specifics.
Step-by-step explanation:
The component of an insurance policy that personalizes the policy detailing who and what is insured is known as the a)declaration. The declarations page is typically the first section of the policy and includes information such as the name and address of the insured, a description of the insured property or risk, the policy term, coverage limits, and the premium amount. This part of the policy specifically tailors it to the individual policyholder and the coverage provided.