what is a declaration page

what is a declaration page

1 year ago 33
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A declaration page, also known as a "dec page," is a summary of the key facts about an insurance policy. It is usually the first page (or pages) of an insurance policy, and it identifies the kinds and amounts of coverage a policyholder has and how much it will cost them. The information included in a declaration page varies depending on the type of policy, but it typically includes:

  • The name and address of the insurance company
  • The name and address of the insured
  • The type of policy, such as auto or home
  • The policy number and policy period
  • The covered vehicle information (for auto policies)
  • The garaged location (for auto policies)
  • The deductible
  • The premium
  • The endorsements
  • The name of the lienholder, lender, or loss payee (if applicable)

It is important to review the declaration page as soon as it is received to ensure that it is accurate and that the policyholder knows what their policy will cover. If any incorrect or missing information is found, the policyholder should contact their agent or insurance company immediately. The declaration page can serve as a quick reference to a policyholders coverage for property losses and can be used as proof of insurance when purchasing a home or auto. However, it is important to note that the declaration page is only a summary of the coverage, and policyholders should read and understand their entire policy to ensure they have the coverage they need.

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