Insurance contracts are complicated documents and they usually contain many pages of complicated legal language, in order to protect both the client and the insurer. However this material does not make for the easiest of reading, and in order to save time the key points of the policy and information relating to both the customer and the insurer may be summarized as an insurance declaration – which is a single page highlighting these aspects of the policy, insurer and policy holder.
What may be included in an insurance declaration?
The actual information detailed in the insurance declaration will vary from insurer to insurer, and may be affected by state laws governing the insurance documentation however you can expect to find some or all of the following information in your insurance declaration:
- The name and address of the policy holder – you should check this information and make sure it is correct, and update the insurance company as necessary
- The name and address of the insurer – this is so you can contact your insurer in the event of a claim, if this changes your insurer will try and let you know
- Further details on how to contact the insurer – this may include e-mail addresses, website address and customer contact numbers. It also may show some detail on how to make a claim in the eventuality of an incident covered by the policy.
- What the policy is for and what is covered under the policy – this is a general statement of the major terms and conditions of the policy, further detail will be found in the full contract
- The validity period of the policy – the coverage period will be found here, outside of these dates the insurance will not pay any benefits
- Endorsements, additions, changes, and discounts – this section will detail any additional relevant information regarding conditions of the policy
Is the declaration proof of my insurance?
No, it’s important to know that the proof of your insurance will be sent separately often in the form of an insurance card. The declaration is there to give you the key details of your policy and to help you in the event of a claim – it has no standing legally to offer proof that you are insured.
If you do not have proof of insurance you should contact your insurer to obtain this proof, as in the event of an accident you will be expected to provide this.