What Is A Declaration Page With Auto Insurance?

When buying auto insurance, you will have a lot of decisions to make, including the types and amounts of coverage you prefer for your vehicle. After making these decisions and choosing a policy, the company will send you details about your policy. One of the documents you will receive is called a declaration page, and here are some important things to know about this vital document.

It Is a Summary

The declaration page you receive from your insurance company is basically a summary of the policy you purchased. It will show a lot of details about you, such as your personal information. It will also show information about your car, including the VIN number and description of the car. Additionally, you will see exactly what types of coverage you have on your auto policy as well as the amounts of coverage. This page basically tells you all the details of your policy, and it is a good idea to keep this handy for reference in the future.

You Should Review It Carefully

After receiving this document, it is imperative that you review it carefully. You should make sure all of your personal information is accurate and complete. You should also make sure the information about your car is correct. Finally, you should examine the coverage it states that you have to make sure that you have the coverage you asked to have.

You Can Use It for Proof of Coverage

As mentioned, it is a good idea to hold on to this document for several reasons. For one, you can use it to prove that you have insurance coverage. The declaration page will state exactly what the coverage period is, and this is typically a six-month time span. You should receive an insurance card, too, but you can use this document as proof of insurance until you receive the insurance card.

Additionally, if you ever want to switch companies, you can also use this to request a quote, as it would contain all the information you would likely need to get an equivalent quote. You could just read off what this sheet says, and you would receive a quote that you can compare apples to apples.

Understanding the coverage you have is important, yet it can also be confusing. By learning more about the declaration page, you might have a better understanding of what your policy covers and offers to you. Call an insurance agent if you have questions about this document or if you need coverage.

For more information, contact a company like Illinois Insurance Center Inc.