What is a Declarations Page?
A declaration page, commonly called the “Dec Page,” is a critical part of an insurance policy that summarizes the most essential information about the coverage. This document includes the names of the insured, the policy number, the coverage period, the insured property (such as a home or vehicle), the type of coverage, and the premium amount.
The Declarations Page is particularly important for homeowners or car insurance because it specifies the coverage limits, deductibles, and any endorsements or exclusions that may apply. It also outlines any additional insured parties or lienholders in the case of financed property.
For example, in a homeowners insurance policy, the Declarations Page will list the dwelling coverage limit, personal property coverage, liability limits, and any optional coverages such as flood or earthquake insurance. In the event of a claim, the Declarations Page helps policyholders quickly understand what is covered and the maximum amount the insurer will pay.
Keeping the Declarations Page easily accessible is important for managing claims, updating coverage, or reviewing policy details to ensure adequate personal or business property protection.