What document includes a description of the property insured, a list of mortgagees, and the applicable coinsurance percentage?

The commercial property declarations is the correct choice because it serves as a summary of the insurance policy. This document contains essential information, including a detailed description of the property that is insured, the specific coverage amounts, and any deductibles that apply. It also lists the names of any mortgagees, who have an insurable interest in the property, ensuring that they are recognized in the event of a loss. Additionally, the declarations indicate the applicable coinsurance percentage, which is vital for understanding the insured's obligation in relation to the property's value and any loss settlement conditions. This document plays a crucial role in both informing the insured about their coverage and guiding the insurer's underwriting and risk assessment processes.