Insurance policies can be complicated and lengthy documents. Fortunately, as a policyholder, you can refer to your declarations page for a quick summary of your coverage whenever you need the information. Let’s examine this simple and helpful tool, so you know how to use it.
What is a declarations page?
Also known as a “dec page,” it’s typically the first page of your policy. A declarations page gives a simple overview of your coverage details. It includes varying pieces of information, depending on insurance type.
Common Declarations Page Features for Auto Insurance
- Drivers Listed
- Policy Number and Policy Period
- Covered Vehicle Information
- Limits
- Garaged location
- Deductible
- Discounts
- Premium
- Endorsements
- Name Loss Payee
Common Declarations Page Features for Home Insurance
- Type of Homeowners Insurance
- Named Insured(s)
- Address of Property
- General Policy Information (Policy Number, Policy Period, Billing Account Number, etc.)
- Deductibles
- Discounts
- Coverage Limits
- Endorsements
- Premium
- Mortgage Holder
When does a declarations page come in handy?
As we said, a declarations page offers a brief look at your coverage information. So, you can refer to it when you’re filing a claim or shopping for new insurance policies.
You can also use the dec page as proof of insurance. For instance, when you’re buying a new car, the dealer will want proof of insurance before they hand over the keys. Once you purchase an auto insurance policy, your carrier can fax the declarations page to the dealer so it’s clear you have coverage. Then, you can take your new vehicle home.
What’s not on the declarations page?
Obviously, your declarations page is not a detailed account of your coverage. Don’t count on it to list information such as your exclusions or terms and coverage definitions. You’ll have to read your entire policy carefully if you want to know the nitty-gritty details of your insurance.
Call your Hibbs agent if you want to know more about declarations pages or other parts of your insurance policy. Our staff is always happy to help a client understand their coverage.
