Individual must be released by FBL Wealth Management, LLC to offer advisory services. Individual must be a registered representative of FBL Marketing Services, LLC or an investment adviser representative with FBL Wealth Management, LLC+ to discuss securities products. Advisory services offered through FBL Wealth Management, LLC+. Securities & services offered through FBL Marketing Services, LLC+, 5400 University Ave., West Des Moines, IA 50266, 877/860-2904, Member SIPC. Review your coverage and see how you can bundle and save by connecting with a local Farm Bureau agent today. It may also be beneficial to evaluate your declaration page when you’re reviewing your policy to assess what coverages, limits and deductibles you have. They will need proof of homeowners insurance to go forward with their process. You will need your insurance declaration page when you’re applying for a mortgage with a lender. When Will You Need Your Insurance Declaration Page? If you’re not sure where your policy document is located, contact your insurer or agent and request a copy. Your homeowners insurance declaration page should be one of the first pages on your homeowners insurance policy. How to Find Your Homeowners Insurance Declaration Page In the discounts section, you’ll see how your premium (payment for insurance) is affected based on whether you have bundled your coverage. When reviewing the coverage section, you’ll see the deductible (amount you owe) for each policy if you were to file a claim. Now that we have an understanding of what deductible and premium mean, let’s take a look back at the declaration page. The premium cost is typically lower by bundling policies. BundleĬombining multiple policies into one, meaning you only have to pay one premium. PremiumĪ premium is a set payment agreed upon that you’ll pay for your insurance. Your deductible can vary from policy to policy. This is a set amount you’ll be responsible for paying, before insurance will kick in when filing a claim. On each insurance policy there is a deductible. Now that you have a picture of what a declaration page looks like, let’s breakdown some of the terms commonly used. How to Read a Home Insurance Declaration Page This could look like bundle deals or discounts for purchasing umbrella coverage. In this space you’ll find any discounts related to your insurance premium. It’s important to note that some optional add-ons may not be listed if you have not purchased them. Additional coverages can consist of things like equipment breakdown coverage and drain backup coverage. EndorsementsĪdd-on coverages can be listed here. This can consist of coverages like dwellings, personal property and other structure protection. CoverageĪ list of all coverages and their limits and deductibles will be listed. If you need to update your coverage, this will be the person to contact. The contact information such as name and number of your insurance agent for this policy will be listed. This will list the address of the home or property that is being covered under your homeowners insurance policy. Your policy number will be listed towards the top of the page and your policy period will list the effective date and the expiration date of your coverage. Policy Informationĭetails regarding your policy such as your policy number and period will be listed on your declaration page. Here’s a breakdown of what you’ll find on the home insurance declaration page. On it you’ll find your information, along with the details of your property and coverage. Your homeowners declaration will only be a page or two long. What Does a Homeowners Declaration Page Look Like? What Is a Homeowners Insurance Declaration Page?Ī homeowners insurance declaration page is a summarized document provided by your insurer that details your homeowners insurance and the types of coverage provided under your policy.
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