What is a homeowners insurance declaration page?

What is a homeowners insurance declaration page? The home insurance declaration page confirms your coverage, lists your monthly rates, and shows your current discounts. On average, home insurance rates are $109, but you can reduce them by 40% if you have good credit. A homeowners insurance declaration page can also help you secure another policy at another home insurance company. Shop around and compare multiple home insurance companies to get the best deal.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Professor & Published Author D. Gilson, PhD

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Dec 14, 2021

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The Highlights

  • You’ll receive a homeowners declaration page from your home insurance company
  • Home insurance discounts are listed on your declarations page
  • Your lender can buy home insurance for you if you don’t provide proof of insurance

What is a homeowners insurance declaration page? One of the most critical documents after you buy home insurance is the declaration page.

But what is a declaration page for insurance, and how does it work?

Don’t worry — we’re here to help you learn more details about the home insurance declaration page.

Our guide explores various parts of the homeowners declaration page, why you should compare home insurance, and how lenders can add home insurance rates to your mortgage.

After learning everything about a homeowners insurance declaration page and how it works, enter your ZIP code in the free online quote tool above to compare multiple companies near you.

What is a homeowners insurance declaration page?

The home insurance declaration page is a summary of your homeowners coverage from your insurance company.

A declaration page of an insurance policy has essential information on the policyholder’s home insurance, such as monthly cost and deductibles.

Most home insurance companies provide a declaration page for home insurance, which serves as proof of insurance to lenders.

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How does a home insurance declaration page work?

Many people ask, “What is a declaration page?” It’s crucial to prove to mortgage companies that your home is insured.

Your home insurance company provides the declaration page after approving you for a home insurance policy.

You’ll get this document by mail or email, and your insurance company saves a copy of your home insurance declaration page on its database. This gives you access to your home insurance declaration whenever you need it.

In addition to proof of insurance, the declaration page shows the policy number, address, monthly rate amount, and any discounts applied to your policy.

What’s included on the home insurance declaration page?

There’s more to the declaration page than monthly rates and discounts. As you read the homeowners declaration page (also called the DEC page), several items are listed.

Let’s review the things you’ll find on your homeowners insurance declaration page:

  • Your policy number
  • Name of the policyholder
  • Address of the insured property
  • The policy’s coverage level and limits
  • Monthly home insurance rates
  • Deductibles
  • Your appointed home insurance agent
  • Home insurance discounts

All your home insurance policy information fits on this one page for convenience. Keep a digital and physical copy to cover all your bases.

What’s not included on the home insurance declaration page?

Your home insurance declaration page won’t include information from other insurance policies you’ve purchased at the company.

However, your DEC page may not list your insurance add-ons (home insurance riders). Ask your home insurance company for a copy of the add-ons attached to your home insurance policy.

Which home insurance discounts produce the best savings?

Several factors determine whether affordable home insurance is available to you. However, you can secure cheap home insurance with discounts.

Homeowners insurance discounts are one of the few items listed on your declarations page. But how much can you save during the life of the home insurance policy?

Let’s examine the top home insurance discounts.

  • Multi-Policy Discount – Between 5% and 15%
  • Renewal Discount – At least 5%
  • Home Security Discount – Up to 20%
  • Good Credit Discount – Up to 40%

According to the Federal Trade Commission (FTC), insurance companies correlate good credit with a low risk of filing a claim.

Therefore, homeowners with an excellent credit history can save up to 40% off home insurance. And when you stack multiple discounts, you can save hundreds of dollars per year.

How do discounts affect home insurance quotes?

Home insurance discounts reduce your insurance rates per month. The average home insurance rate a month is $109.

If you have a good credit discount, you can save up to 40% off. When you pay around the average cost of home insurance, your monthly rates could be as low as $44.

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What does home insurance cover?

After you’ve received your home insurance quotes and paid for your policy, it may take a few weeks to receive a declaration page.

The DEC page is one of the confirmations you’ll receive to show your home is insured.

Once you’re insured, the home insurance company covers a few incidents, such as:

  • Damage from aircraft, cars, and other vehicles
  • Explosion
  • Falling objects
  • Fire and smoke
  • Lightning strikes
  • Tropical storms (windstorms and hail)
  • Theft
  • Vandalism and civil unrest
  • Water damage
  • Winter storms (weight of ice, snow, or sleet)

The declaration page is the stamp of approval. Also, you can use the home insurance declaration page if you decide to shop with another home insurance company in the future.

If you want to renew your home insurance policy, use your declaration page to leverage a better policy or more affordable rates.

What You Need to Know About the Homeowners Insurance Declaration Page

The home insurance declaration page verifies that you have insurance coverage for your home. Your declaration page sums up all the information about your home insurance policy.

Now that you know more about what a homeowners insurance declaration page does and how it works, use our free online quote tool to compare multiple insurance companies in your area.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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