How to Read an Auto Insurance Declaration Page

How to Read an Auto Insurance Declaration Page

Most auto insurance policies are lengthy, complicated, and written in legal language that consumers may not easily understand. As a result, few people bother to read through the policies, even though they are binding contracts that you have entered. The essential portion of your insurance policy is the declaration page, which gives specific facts that you need to know about your policy. Therefore, you should understand how to read and interpret your auto insurance declaration page.

The declaration page (which often may consist of more than one page) sets forth the types of coverage that you have chosen as part of your policy. It also may contain coverage that you have opted not to purchase. This page also gives vital information about the coverage you are paying for, including:

  • Names of all drivers covered under the policy
  • The vehicles covered under the policy and their VINs
  • The dates that the policy is in effect, which is usually one year
  • A list of coverage, limits, deductible amounts, and the price for each type of coverage
  • Any discounts and surcharges applied to your policy

After you renew or change your auto insurance policy, you should be sure to review the new declarations page to ensure that it reflects the coverage that you have chosen. The declarations page also contains your policy number, which you should keep with you while driving. Finally, it also will include the total premium that you are paying for the coverage period, as well as the names of any lien holders, if you have financed your vehicle.

Some forms of coverage are mandatory under state law, and others are optional. California law requires all drivers to maintain minimum amounts of liability coverage, which provides payment if the drivers are at fault for causing accidents. More specifically, drivers must maintain liability coverage of $15,000 for injury or death to one person, and $30,000 for injury or death to more than one person. Other types of auto insurance coverage include comprehensive coverage, collision coverage, medical payments, and uninsured or underinsured motorist coverage.

Bonnici Law Group has the experience, knowledge, and reputation that you want and need when you are injured in a bike accident. We are here to help you build the most substantial claim possible for compensation and obtain a positive outcome in your case. Do not hesitate to contact Bonnici Law Group at 619-259-5199 or help@bonnicilawgroup.com.

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