Part 1: The Declarations Page
Your property insurance policy is likely lengthy and encompasses numerous pages of language that may appear daunting to read. It is important to review these pages, even if they may appear irrelevant, to be certain you understand what you have coverage for in the event you need it.
The Declarations Page of your policy, usually the first or second page, will include personal information unique to your property. You should review this page carefully to make sure all of the information is accurate. If something is inaccurate, you should take the appropriate steps to correct it in order to avoid any potential problems in the future. This page will summarize your coverage and is important for you to review. The Declarations Page usually contains the following information:
- Policy number
- Policy period (beginning and end dates of coverage)
- Name and address of the primary insured (usually you and your spouse, if married)
- Name and address of your insurance agent
- Location of the insured premises (usually by street address)
- Mortgagee’s name and address (i.e., the bank or mortgage company that holds your home loan)
- Coverage limits for each coverage type
- Deductible amount
- Premium amount
- The title or number of any endorsements affecting the policy
While the Declarations Page may be appear to be most relevant to you, you should be certain to read your policy in full to understand the details of your coverage. In an effort to assist homeowners and business owners, our office is available to review your insurance policy and can provide a complete analysis of your insurance policy to make sure your property is adequately insured.