What parts make up a homeowners insurance policy?

Although homeowners insurance policies differ in their actual structure, most contain the same basic components:

Declarations Page — Usually the first page of your homeowners insurance policy, it typically contains the following summary information:

Name and address of the insured
Dollar amount of coverage in the policy
Description of the insured property
Cost of the insurance
Name of the insurance company insuring the risk
Contact information
Definitions — Explain the meaning of terms used in the policy.

Coverage — Details the extent of protection for both property (house, structures, contents) and liability (bodily injury or property damage to others for which you are liable) in your homeowners insurance policy.

Exclusions — Explanation of what is not covered by your homeowners insurance policy, under both property and liability coverage.

Conditions — Outline the responsibilities of both the insured and insurance company under the policy. Your duties in the event of a loss and also the procedures the company will follow to settle any losses are detailed here.

Endorsements — Riders, amendments or attachments that alter the standard coverage provided by your home insurance policy. If you choose endorsements for your policy, you may pay an additional premium for them.

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