The section of an insurance policy that summarizes key information including the policyholder name, covered property, coverage amounts, deductibles, premium, and policy period. Often called the "dec page," it is the first page of your policy and serves as a quick reference.
Related Terms
Endorsement
An amendment or addition to an existing insurance policy that changes its terms or coverage. Also called a rider, endorsements can add, remove, or modify coverage. Common examples include adding flood coverage to a homeowners policy or scheduling expensive jewelry.
Premium
The amount you pay to an insurance company to maintain your coverage, typically billed monthly, quarterly, or annually. Premiums are determined by factors such as risk level, coverage amount, deductible, location, and claims history.
Policy Period
The span of time during which an insurance policy provides coverage, typically six months or one year. Claims are only covered for events that occur within the policy period. The start and end dates appear on your declarations page.