Definition - What does Declaration mean?
A declaration, in the context of insurance, is the first page or pages of a liability or property insurance policy that contains factual information about the policyholder, the property (in property insurance policies) or items covered, and other important information about the policy.
Insuranceopedia explains Declaration
The declaration section of an insurance policy details important information about the policyholder, the covered item, and the contract. This information includes the name, address, and contact information of the policyholder and the location and description of the property or items to be covered. It also specifies the dates of the beginning and ending of the coverage, the premium amount of the policy, and other supplemental information about the contract. The declaration page varies from policy to policy as personal and property information, among other specific details, are specified on this page.
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