Auto Insurance terms starting with D

5 terms

1. Declarations (DEC) Page Usually the first page of an insurance policy, it contains the full legal name of your insurance company, your name and address, the policy number…
2. Declarations page The page your company sends as part of the policy which shows the terms, coverage limits, premium and endorsements.
3. Declarations Page ("Dec Page") A page your company sends you to show your premium and coverage. Some insurance companies only send a new declarations page at renewal unless there’s a…
4. Deductible The dollar amount you must pay out-of-pocket for each claim before the insurance company begins paying.
5. Depreciation The act of lowering an item´s value due to use or wear and tear.