How to Read a Homeowner’s Insurance Policy

How to Read a Homeowner’s Insurance Policy
Are You Covered?
Anne Johnson
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Every year, when your homeowner’s insurance policy renews, you receive the policy. You probably stash it in a file or drawer labeled “important papers” without a thought.

But what exactly does that policy say? There may or may not be coverages that you’ll need if disaster hits. It would be prudent to know what you’re prepared for and what vulnerabilities you have. Reading a homeowners policy is simple and straightforward.

Declaration Page Is an Executive Summary

The homeowner’s insurance declaration page, also called a “dec” page, summarizes your coverages. This is the first step to reading and understanding your policy.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.