![]() ![]() Actual insurance policy contract: The entire insurance policy contract will cover the specifics of your policy that your homeowners insurance declaration page does not.Information like your home's age or credit score will not be available on your declaration page. Complete policy application: A homeowners insurance application contains specific details about you and your home, which you fill out before receiving a quote.Your declaration page will not display what risks are and are not covered. Specific exclusions: Specific exclusions are a "list of perils, specific events or even objects that a company won't provide financial protection over," according to Hippo. ![]() According to Hippo, there are three elements your declaration page may not include. The contact info of your insurance provider and details of your mortgage, if you have one, will also be displayed.Ī declaration page will not include thorough details about your policy. The declaration page will also include your coverage type, coverage limits, deductible, premium, and discounts. This can often feel overwhelming, and a declaration page will allow you to review what's included in your policy at a moment's notice, says Wilson.Ī standard homeowners insurance declaration page will include basic information like the policy holder's name, policy number, policy start and end date, and the location of the insured property. With your declaration page, you'll receive a binder of documents that go into depth about the details of your policy. "Whenever you purchase homeowners insurance, update a policy, or switch insurance carriers, you'll receive a new homeowners insurance declaration page that highlights what's included in your policy," says Steve Wilson, senior underwriting manager at Hippo. What's included in your homeowners insurance declaration page? If you fail to provide a declaration page each year, you may be subject to "force-placed insurance." Your lender will purchase a homeowners insurance policy on your behalf, which tends to be more expensive than if you were to renew your policy on your own, according to Allstate. If you have a mortgage on your home, your lender will require you to send the declaration page to prove you're renewing your insurance annually. This is a one- to two-page document that briefly outlines your policy information.Īn insurance declaration serves as proof of insurance. When you purchase a policy, you'll receive a document called an insurance declaration page. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our ![]()
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