Declaration Page (Dec Page)
Definition:
The summary page of an insurance policy listing key details.
Explanation:
The dec page shows policyholder information, coverage limits, deductibles, and effective dates. It acts as a quick reference for your policy.
Example:
If you want to confirm your dwelling coverage limit, you can find it on the declaration page.
Why it matters:
This term affects how claims are handled and what payout a homeowner may receive.