What is a Declarations Page?

A Declarations Page is the portion of an insurance policy that lists your detailed information.  For instance, a Homeowners insurance policy declaration page will list your name, home address, policy number, the effective and expiration dates of your policy, the premium for the coverage you have acquired, and the limits of each coverage.

The following are terms that you may find on your Declarations Page:

  • Named Insured:  This is the individual or business that is identified as the insured party.
  • Additional Insured:  This is someone listed on your policy because certain coverages on the policy can be afforded to them.  For instance, if you lease a car, the leasing company may require to be listed as an additional insured.  The leasing company is still the owner of the car; therefore, they can be held accountable for damages caused by the car.  Being listed as an additional insured on your policy will trigger your policy to afford some coverage to the leasing company in the event they are subjected to a suit involving the car.
  • Endorsements: There can be situations where changes need to be made to the standard policy language.  Instead of rewriting the entire policy, the insurance company includes endorsements to the policy.  They are basically adjustments made to the insurance contract that can change the coverage or terms of the policy.  Your Declarations Page will list which endorsements apply to your policy.

To learn more about what is on a declarations page and to have any questions answered, give us a call at 305-270-2100.

At Filer Insurance, Inc., we have been providing Home, Auto and Business Insurance in Miami and South Florida since 1919.  We would very much like to have you as one of our customers.  Please give us call or come by our office for a free quote on your insurance.

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