policy declarations

A Home Insurance Policy Declarations is the document that outlines the coverage, limits and deductibles you've purchased. You'll receive a new Declarations every renewal period, which is usually every year. You should always read through your renewal to make sure it's accurate, you have sufficient coverage for the things you love and you're up to date on any changes in premium and other important info. You can also find your Policy Declarations document in MyAccount.

Take a look at the sample homeowners insurance policy declarations below to learn where you can find important information.

 

 

Total premium

This shows the total premium you will pay for the policy period.

 

Discounts

Any discounts you may have received are listed here.

 

Policy period

Homeowners policies typically cover a one-year period. Pay your policy by the due date, and your policy automatically continues for the time period shown.

 

Location of property

This shows the address of the insured property.

 

 

Coverages

This shows all the coverages you have as part of your homeowners insurance.

 

Limits of liability

This shows the maximum amount Allstate will pay for each covered loss*.

 

Deductibles

A deductible is the amount you pay out of pocket when you file a claim for a covered loss*. Your policy's deductibles will be shown under each coverage.

 

Personal property

This shows whether you've chosen Actual Cash Value or the Reimbursement Provision.