The declarations page is often the first page of a property insurance policy, and it summarizes some of the most important information about your coverage, making it a useful starting point for understanding your policy.
Look for the coverage types and limits listed, which typically show the maximum amount the policy will pay for different categories, such as the structure itself, other structures, personal property, and additional living expenses.
Check the deductible amounts listed, since these represent the portion of a covered loss you are generally responsible for before the insurance payment applies, and some policies have different deductibles for different types of perils.
Note the policy period shown, which indicates the specific dates your coverage is active, since a loss occurring outside this period would generally not be covered under that particular policy.
While the declarations page provides a helpful summary, the full policy document contains the detailed terms, conditions, and exclusions, including the appraisal clause, so reviewing the complete policy is important for understanding your full rights and obligations, not just the declarations page alone.
This article is general education about how the appraisal process commonly works. It is not legal advice, and specific procedures can vary by state and policy. If you have questions about your own claim, review your policy language and talk with your insurance company, agent, or an attorney familiar with your state’s laws.
Russ Lis is a working property insurance appraiser and umpire based in Minnesota, serving clients nationwide. Have a question about your own claim? Contact Appraisal Resolution.