What is in a Dec Page?

Reading a declaration page of your personal insurance policy can be overwhelming if you are not familiar with insurance terminology. However, understanding this document is crucial as it provides important information about your coverage. Here are some steps to help you read and understand your declaration page:

1. Identify the insurance company: Look for the name and contact information of the insurance company providing the coverage. This is usually listed at the top of the page.

2. Policy details: Locate the policy number, effective dates, and expiration dates. These dates indicate the period for which the policy is in effect.

3. Insured information: Check your personal information, including your name, address, and contact details. Ensure that all the information is accurate and up to date.

4. Coverage summary: The declaration page will provide a summary of the coverage you have purchased. This section will include the types of coverage (e.g., auto, home, renters), the limits of coverage, and any deductibles you are responsible for.

5. Premiums: Find the premium amount you are required to pay for the coverage. This may be broken down into different sections if you have multiple types of coverage. Take note of the payment schedule and due dates.

6. Additional insureds: If you have added any additional insureds to your policy, such as a spouse or family member, their information may be listed separately on the declaration page.

7. Endorsements: Look for any endorsements or riders that have been added to your policy. These are additional coverages or modifications to the standard policy terms and conditions.

8. Exclusions: Pay attention to the exclusions section, which lists situations or circumstances that are not covered by your policy. Understanding these exclusions will help you know what is not protected under your insurance.

9. Limits of liability: Find the maximum amount your insurance company will pay for a covered claim. This may be listed separately for different types of coverage.

10. Deductibles: Note the deductibles for each type of coverage. This is the amount you must pay out of pocket before your insurance coverage kicks in.

11. Policy endorsements: Check for any additional documents or endorsements attached to the declaration page. These may provide further details or modifications to your coverage.

12. Contact information: Make sure you have the contact information for your insurance agent or company. This will be useful if you have any questions or need to file a claim.

If you have any doubts or questions about your declaration page, it is always a good idea to contact your insurance agent or company for clarification - we would also be happy to help Cambridge Risk Advisors . They will be able to explain the details of your policy and address any concerns you may have.

Regards,

Shaun Gagnon

CEO & Founder - Cambridge Risk Advisors

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