What is a Homeowner Declaration Page? and Other FAQs

What is a Homeowner Declaration Page?

Your declaration page is a summary of your insurance policy. It can normally be used as an evidence of insurance or proof of insurance. It contains all the basic vital information about your policy. Your declaration page may contain different information depending on the type of policy. 

Tennessee Homeowners Insurance

How Do You Read a Declaration Page?

The first section of a declaration page will include:

  • Name and contact information of your insurance company
  • Name and contact information of the agent/agency that wrote your policy (if applicable)
  • Your policy number
  • The effective and expiration dates (and possibly times) of your policy
  • The primary insured name and address
  • The address of the property being insured
  • The premium amount
Homeowners Insurance Murfreesboro TN

The second section of the declaration page is usually the coverage information. Here is a summary of the different types of coverage usually listed on a home insurance policy:

  • Coverage A: Dwelling
    • This is the maximum amount that the insurance company will pay to rebuild your home. Some policies will include “extended replacement cost” in addition to your dwelling limit. This includes an additional percentage of your dwelling amount should expenses to rebuild your home exceed that limit.
  •   Coverage B: Other Structures
    • This is the maximum amount the insurance company will pay to repair or replace structures on your property that are not part of the primary dwelling. This can include fences, driveways, detached garages, swimming pools, pool houses, sheds, and more.
  • Coverage C: Personal Property
    • This is the maximum amount the insurance company will pay to repair or replace your belongings. Think everything you would take with you when you move. This coverage can be valued at Actual Cash Value or Replacement Cost.
  • Coverage D: Loss of Use
    • This is the maximum amount the insurance company will pay for costs incurred by the insured as a result of not being able to live in their home while it is being repaired after a covered loss. This would include things such as hotel or rental home costs, emergency expenses, increased food or utility costs, or extra mileage costs.
  • Coverage E: Personal Liability
    • Personal liability coverage is what protects you against lawsuits for incidents that you or your family members are liable for (excluding incidents covered by other insurance such as a car accident). Incidents covered by liability coverage include someone falling and getting injured on your property, your dog biting someone, or a family member accidentally causing damage to another person’s property.
  • Coverage F: Medical Payments
    • Medical payments coverage is used to pay reasonable and medically necessary expenses of someone who gets injured on your property. This coverage is used to keep some incidents from escalating to a lawsuit.
  • Optional Coverages
    • This section of the declaration page will list optional coverages that may have been added to your policy such as:
      • Water and Sewer Backup Coverage
      • Ordinance & Law Coverage
      • Identity Theft Coverage
      • Increased Jewelry or other Personal Property Coverage
      • Earthquake Coverage
      • Sinkhole Coverage
      • Mold/Fungi Coverage

 

This section will also usually list your deductible, which is the amount you are responsible for before the insurance company will start paying on a claim. For example, if you have a covered claim of $5000 and your deductible is $1000, you will pay $1000 and the insurance company will pay $4000 for the claim.

How do I get My Insurance Declaration Page?

You will receive a declaration page when you initially receive your policy.

If you no longer have a copy, the easiest way to get a declaration page is to request one from your insurance agent. If you do not have an agent, you can request one from your insurance carrier.

Another easy way to get your declaration page is to check your online account with your insurance carrier. You can usually access your declaration page at any time.

If you have more questions about your policy or would like to request a homeowners insurance quote, call us at 615-919-1009 or click the button below. We look forward to serving you!