Declaration Page
A document that summarizes your homeowners insurance policy, including coverages, limits, deductibles, premium, and policy period.
Detailed Explanation
The declaration page serves as a quick reference for your policy's key information. It's provided when you first purchase the policy and again at each renewal, reflecting any changes in coverage or premium.
Practical Example
Before closing on her new home, Maria provided her mortgage lender with the declaration page from her homeowners insurance policy to demonstrate she had secured adequate coverage for the property.
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