What Is the Declarations Page of an Insurance Policy?
The declarations page of an insurance policy is a succinct one-pager that contains relevant information about your insurance plan, such as premium cost, type of coverage, and any additional fees you may incur. Here’s what you should know about the purpose of a declarations page and the relevant information you’ll find there.
What is the declarations page of an insurance policy?
The declarations page of an insurance policy, also referred to as the “dec” page, is a one-page document that details the most important information about your insurance coverage plan. While the statement page is not all-inclusive, it should provide a general overview of the insurance you have purchased and how to go about soliciting the services you have paid for.
It’s important to keep this essential document in a safe place where you can easily find it, because a declarations page can also function as proof of insurance.
What information will you find?
Though the format of a declarations page will differ by insurance company, type of insurance, and coverage plan, there are a few general pieces of information that should always be present. These include:
- Name and contact information of insurance company
- Coverage policy and liability limits
- Policy number and period (effective start and end date)
- Type of insurance (home, car, condo, etc.)
- Owner information (address, phone number, etc.)
- Premium and deductible information
- Additional fees (and discounts, if applicable)
- Endorsements or any other addendums made to your specific insurance contract
Though this list seems comprehensive, you should never treat a declarations page of an insurance policy as an all-encompassing description of your services. It’s critical that you understand your insurance plan, read the fine print, and ask questions about any policy points that you’re confused about.
Understanding your insurance policy ensures that you get the most out of it and receive the benefits you’re paying for, so it’s in your best interest to have a general understanding of your insurance plan’s many moving parts.