Important Dates

• The insurance declaration page is categorized into sections. The first section lists the policy number and effective dates. Since many carriers consist of several, smaller underwriting companies, the first section also includes the policy's underwriting company. The declaration page format varies by carrier; however the policy number and effective dates are always first.
  
  

Insureds

• The insured section lists the primary people that are insured under the policy. The original policy declaration page includes the policyholder's name, or named insured, first and is followed by any additional insureds. The driver's license number, date of birth and relation to the named insured may also be included in this section on an automobile policy.
  
  

Property

• The property section varies based on the type of policy. This section will outline the physical or intellectual property that the insurance policy is insuring. For instance, the homeowner's policy includes the property address and additional property identifiers, such as the square footage and types of construction and plumbing materials. Automobile, motorcycle and boat policies include the year, make and model of the vehicle, boat or motorcycle, as well as the vehicle's vehicle identification number, or VIN. Auto policies often include the vehicle's primary use, such as pleasure or commute. Motorcycle and boat policies often include the engine size and passenger capacity. Business insurance policies will describe the details and additional endorsements that are applied to the policy for greater coverage.
  
  

Coverages

• The declaration page lists each of the insurance policy's coverages and the premium amounts that apply to them. The liability and property damage coverages will show per person, per accident or combined single limits. All additional medical coverages will state the maximum coverage amounts, and physical damage coverages will list the applicable deductible amounts. This portion of the declaration page will also lists the applicable premium amounts with each coverage.
  
  

Discounts

• Applicable discounts are displayed on the insurance declaration page. The discounts may appear as a simple list, or as a detailed section. This section often appears towards the end of the page.
  
  

More Information

• The insurance declaration page is, in essence, the statement of coverage. It lists the protection that the insurance carrier provides to the policyholder. In most cases, coverages that are not listed on the declaration page are not extended to the policyholder. When changes are made to the policy, such as vehicle and coverage changes and lien holder endorsements, the insurance carrier issues a revised declaration page to the policyholder. The updated policy declaration page includes the policy change date, the listed changes and the premium change amounts.