What Your Home Insurance Declaration Page Tells You

Most homeowners understand the importance of buying home insurance, but policy documentation can be tough to read if you're not sure what to look for. There's a lot of terminology that may be unfamiliar to you. Fortunately, the declaration page of your policy can make this easier to understand.

The declaration page, which is usually the first page of your home insurance policy, provides a concise summary of what your coverage offers. You can typically find the following information:

Your Insurer: This tells you the name of the company that's insuring you, along with contact information.
Coverage Dates: The range of dates (usually a year) details when your policy is in effect. If a claim occurs outside of these dates, it will likely get denied.
Rate: This is how much your policy costs, often broken down into monthly payments.
Summary of Coverage: This details what's covered under your policy, and how much this coverage costs. It's often broken down into property (the structure of your house) and contents (your personal belongings). A claim can pay out up to the coverage limits listed here. This section may also list specific exclusions on coverage.
Deductible: This is the amount you're responsible for paying when filing a claim. Your policy can cover the costs beyond your deductible.

Holding on to your declaration page can come in handy if you need to file a claim and want to check on your coverage first. Of course, your independent insurance agent is also available if you have any questions regarding your coverage.

Need coverage? Call First Insurance Group at (800) 511-2892 for a free Kentucky home insurance quote.

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