Insurance policies come with a proof of insurance and a declaration of insurance page. The former contains basic information while the latter specifies policy provisions, coverage limits, premiums, and discounts. Both are important to keep on file and are required in case of accidents or moving violations. The declaration page is a full-size document that includes all the information on the proof of insurance card plus policy limitations and costs. It serves as a reference page for comparison shopping.
When a policyholder receives their policy documents from an insurance company, they will usually include both a proof of insurance and a declaration of insurance page. This often refers to auto insurance, although some other types of insurance may also include these items. The insurance declaration page will specify in a general description format the provisions of the insurance policy, such as coverage limits and premium, as well as any discounts listed. Proof of insurance usually must be carried in the vehicle or in person, and includes more basic information such as the policy number, policyholder’s name and address, and effective dates.
Both the proof of insurance page and the statement of insurance page are important to keep on file. Proof of insurance is required if a person driving a vehicle is pulled over for a moving violation or is involved in an accident. Allows people involved in the accident to quickly and easily exchange insurance information. An insurance card to accompany health insurance could be another example of proof of insurance, which must be presented every time a person goes to the doctor, hospital or picks up prescription drugs unless they want to pay out of pocket.
By its nature, a proof of insurance card will be smaller than an insurance declaration page and will contain less information. It usually includes the name of the insurance company and contact phone numbers and addresses. It will also include the policyholder’s name and policy numbers or group numbers, as applicable. That’s generally about everyone; Other than any co-pay information, the insurance cards do not include details about the policy or its limitations. It is up to the policyholder to understand those limitations by referring to the policy documents; including, the insurance declaration page.
The insurance declaration page will be a full-size document that includes all the information specified on the proof of insurance card. In addition, however, it will also show the limitations of the policy, such as the coverage limits selected for each aspect of the insurance. It will also include the cost of the premium and any discounts listed. This allows people to quickly check their policy and make sure it’s what they think they signed up for, and contact the company to make changes if necessary. When shopping for insurance, it can also serve as a great reference page for comparison shopping.
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