What is a Declarations Page?
A declaration page is the front page(s) of a policy. It specifies the named insured, address, policy period, location of premises, policy limits, and other key information that varies from insured to insured. The declarations page is also known as the information page. It is often informally referred to as the “dec” or “dec page.”
Understanding Declarations Pages
A declaration page is a useful resource that allows you to access quick, up-to-date information about the insurance policy. When changes are made during a policy term, this page is updated. Then the insured receives a revised copy.
Declarations Pages vs. Binders
In some ways, a declarations page is similar to a binder. However, there are important differences between the two.
A declarations page can act as proof of insurance. This is because the declarations page includes several important details about your insurance policy, such as your name, address, limits, and policy endorsements. A declarations page usually lasts the entire term of a policy.
A binder is a brief legal agreement that provides temporary evidence of insurance until a policy can be issued. It can also act as proof of insurance. A key difference is binders typically last 30-90 days.
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