What Is A Declaration Of Homeowners Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The declarations contain the specific information that tailors the homeowner’s policy to be your homeowner’s policy.  It lists you and your lender; it has the limits, prices and other important information.  There is a list on the declaration that shows pages that are attached to comprise the entire policy.  That list can be quite important and should not be overlooked when you receive your policy.  
    Answered on July 9, 2014
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  2. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    The Declaration Page of your policy outlines your specific coverage for the policy as issued by your insurance company.  The "Dec Page" will show the effective date that the policy period began as well as it's expiration date which is usually 1 year later.  It will list your mortgage company and will also include your name and mailing address as well as the property address if different.  It will then list the specific coverage for you dwelling, personal property, additional structures and Liability as well as the property deductible.  If there are any it will list any inside limits to certain categories of personal property like jewelry, camera equipment etc.  Finally it will list the distance you are to a fire hydrant and/or fire station and the Fire rating classification as well as your annual premium.   Your complete policy consists of the declaration, the Policy Jacket which outlines the broad language coverage that the policy provides as well as it limitations and exclusions, and any applicable endorsements.
    Answered on July 9, 2014
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