Buying a home can be an incredibly fulfilling process. While there are often several moving pieces as a part of the process, one crucial area new homeowners need to pay attention to is homeowners insurance. When you purchase homeowners insurance, you can select a variety of coverages and coverage limits to ensure peace of mind as you enjoy your new abode. The homeowners insurance declaration page is a one-page summary of all the key components of your policy. Typically, your insurance carrier will send you a declaration page during your initial policy purchase and whenever any changes are made to your elections.1 A declaration page is proof of homeowners insurance, which mortgage carriers typically request on an annual basis. The information on this page can be useful to understand basic coverages and limits in your policy in the event you are considering whether or not to file a claim. You (and/or your claims adjuster) will need to be review your policy to make final coverage decisions since the Dec Page is a summary. Obtaining a copy of your homeowner insurance declaration page is simple. If you’ve printed your policy, look at the first page – that’s typically where all the declarations are. Similarly, if you have an electronic copy of your homeowners insurance policy, you can usually find it on the first page. You can also download a copy from your carrier’s mobile app, if available, or request a copy from your insurance provider. You may be interested in discounts available through Nationwide’s smart home insurance program, a new, innovative way to help keep your home safe from water damage, break-ins, fires and more with support from the Notion Smart Home Monitoring System. Please note that Nationwide’s smart home program is available in select states at present. Learn more. While declaration pages generally contain the same information, the page in your policy may look different depending on what state you live in or your insurance provider. The order your coverages, deductible, premium and limits are listed in may vary. In some cases, a declaration page may be longer than one page. Whether you’ve recently purchased a new home or have been living in your residence for some time, homeowners insurance is incredibly important. Not only is it typically required by mortgage companies, but it can also give you reassurance that your home is covered during life’s unexpected moments. Renters have their own insurance and similar declarations page, too. While you may be tempted to quickly dismiss a declaration page communication from your carrier, it’s wise to review it in detail each year for any needed updates. Why? Because your premium and coverage depend on accurate information. If you’re curious what kind of homeowners insurance coverages and discounts are available in your state, get a quote from Nationwide. Your home is your safe space. Let Nationwide keep it safe with a custom quote that matches your unique needs. [1] https://www.quickenloans.com/learn/homeowners-insurance-declaration-page, Accessed October 2021. [2] https://www.policygenius.com/homeowners-insurance/homeowners-insurance-declarations-page/, Accessed October 2021. [3] https://www.quickenloans.com/learn/homeowners-insurance-declaration-page, Accessed October 2021.
Why do you need a declaration page?
How do you get a homeowners insurance declaration page?
What’s included in a homeowners insurance declaration?
What’s not included in a homeowners insurance declaration?
What does a homeowners insurance declaration page look like?
The declaration is an important part of your homeowners insurance
FAQs
What is a declaration page for your home? ›
When you purchase a homeowners insurance policy, when you renew your policy, or when you make any changes to your policy, the company will give you a document called a “Declarations Page.” The Declarations Page identifies the kinds and amounts of coverage you have and how much it will cost you.
How do I find my nationwide declaration page? ›If you've printed your policy, look at the first page – that's typically where all the declarations are. Similarly, if you have an electronic copy of your homeowners insurance policy, you can usually find it on the first page.
Is a declaration page the same as proof of insurance? ›To put it bluntly: a declaration page is not the same thing as a certificate of insurance. A declaration page is an internal document for a policyholder's reference, whereas a certificate of insurance is an external-facing document used to present evidence of insurance coverage to or for third parties.
What is found on the declaration page of an insurance policy in real estate? ›Your homeowners declarations page will list the various coverages that make up your policy. For each coverage, you'll see a value limit that represents the maximum amount the insurance company will pay in the event of a loss.
What is an example of a declaration? ›I certify that the information given is true and complete to the best of my knowledge. I understand that if I have deliberately given any false information or have withheld any information regarding any situation, I am liable for prosecution for fraud and/or perjury.
How do I give myself a declaration? ›I hereby declare that the information given above and in the enclosed documents is true to the best of my knowledge and belief and nothing has been concealed therein. I understand that if the information given by me is proved false/not true, I will have to face the punishment as per the law.
How do I get a PDF from Nationwide? ›When you log in to the Internet Bank, you can view transactions for the past 15 months, and can view and download 36 months worth of PDF statements.
How long does Nationwide keep records? ›For most products and services, your information will be retained for 6 years following the closure of your accounts. If you have had a mortgage with Nationwide, your information will be retained for 12 years following the redemption of your mortgage. This is so Nationwide can comply with its regulatory obligations.
Why is the Declarations page of a homeowners insurance policy so important? ›It contains all the most pertinent information regarding your home insurance. Understanding the details of your home insurance declarations page will help you get the most out of your policy.
Is a declaration page an insurance binder? ›Insurance binder VS your declaration page
Think of your home insurance binder like a temporary driving license so you can get out on the road and start driving, while the declarations page is similar to your permanent driving license.
What is a certificate of declaration? ›
In other words, it is a legal document that confirms that all the information a person provided is authentic and accurate. Unlike an affidavit, you can fill a self-declaration form without any witnesses and the form does not have to be notarized.
Which would you not see on the declaration page of a homeowners policy? ›All of these facts are drawn from your policy, but they're listed in an easy-to-read format, usually on a single page. A homeowners insurance declaration page may not include all the details of your policy. For example, add-on coverage for events not covered by the main policy may not be included here.
What type of information can be found on the Declarations page? ›Your declarations page will include the year, make, model and vehicle identification number (VIN) for each vehicle included on your policy. It will also itemize coverages for each vehicle since it's possible you might not need to carry the exact coverages and limits for each vehicle on the policy.
What's the difference between a declaration page and an agreement? ›While the declarations page gives a useful summary, you probably want to know what your policy covers and your policy limits in more detail. Look to the insuring agreement section for a statement of the coverage provided and be aware that each type of coverage will have its own agreement.
What is a home owners declaration? ›A homeowners insurance declarations page is a document provided by your insurance company that summarizes the coverage provided by your homeowners insurance policy. It contains all the most pertinent information regarding your home insurance.
What is the purpose of a declaration? ›A Declaration can help you tell “your side of the story,” explain your requests, give needed information, and respond to someone else's Declaration.
What is the declaration property? ›With this form, buyers can obtain detailed information on the condition of the property, and sellers can protect themselves against potential suits. By completing the declaration, the seller can avoid being sued for a hidden defect, i.e., a defect unknown by the buyer at the time of the sale[1].