Auto Insurance Declaration Page
Once a prospective client has submitted their application for insurance it will be underwritten.
Auto insurance declaration page - The only physical thing you get when you purchase car insurance is a whole lot of paperwork referred to as your policy within every insurance policy comes a declarations page or declaration page for short. In the case of auto insurance it lists the vehicles and drivers your policy covers the coverage you ve purchased your premiums the amount due for those coverages discounts and other key details. Here is an example of a policy declarations page similar to ones used by auto insurance companies throughout the united states when issuing personal auto policies.
Car insurance unlike your car itself is not a tangible object. Your insurance policy s declaration page or dec page is a summary of all your policy information. A declaration page is a succinct document your insurer issues you that outlines your coverage.
What is a declaration page. So that way they let you take it off the lot because every vehicle must have car insurance. Every type of insurance policy you have car home life etc comes with a declaration page.
It has the amount of car insurance coverage you purchased in each component liability personal injury collision and comprehensive and uninsured underinsured motorist coverage any optional coverage and any discounts you get. Auto insurance declaration s page. It includes the policy number and effective dates what types of coverage you have what the policy s limits are and personal information about the individuals insured or holding liens against the property.
A car insurance declarations page explains how much your car insurance costs and how much you re getting for what you pay. Send a copy to the dealership to let them know you are legally able to drive it. An underwriter is a professional who will review the information provided verify the information by running reports and then compare what is found with the guidelines.
An insurance declaration page is the first page of your insurance policy document and includes key information about your insurance policy. The insurance declaration page contains all the important information regarding your insurance contract including what is covered the type of coverage and other details so review the declaration page in detail to make sure everything is correct such as your name address and insurance policy amounts. To more easily understand the information it provides and how it can benefit you here is a breakdown of the basics.
It is a good idea to review the information for accuracy and to keep a copy of your declarations page for your records.
