Insurance PolicyA Declarations Page is the section of a policy that details your particular information.  For instance, a homeowner’s declaration page will list your name, your home address, your policy number, the effective and expiration date of your policy, the premium for the coverages you have procured and the terms of each of those coverages.

Phrases you may encounter on your Declarations Page:

  • Named Insured - this is the individual or business that is recognized as the insured party.
  • Additional Insured - an additional insured is someone listed on your policy because certain coverages on the policy can be attributed to them.  For instance, if you lease a vehicle, the leasing company may require to be added as an additional insured.  The leasing company is still the owner of the vehicle, therefore, they can be held responsible for damages caused by the vehicle.  Being listed as an additional insured on your policy will trigger your policy to afford some coverages to the leasing company in the case they are exposed to a suit involving the vehicle.
  • Endorsements - There can be situations where changes need to be made to the standard policy language.  Instead of rewriting the entire policy, the insurance company includes endorsements to the policy.  They are basically amendments made to the insurance contract that can alter the coverage or terms of the policy.  Your Declarations Page will list which endorsements apply to your policy.

Get all the assistance you need with your Weatherford Home Insurance policy at Magill Insurance Agency today!

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