The homeowners' insurance statement page is a key document that briefly describes the details of your insurance

The homeowners’ insurance statement page is a key document that briefly describes the details of your insurance

Smiling couple being given a document while sitting at a table in a store.

If you have a mortgage on your home, your lender will require you to submit a statement page to prove that you are renewing your insurance each year.

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  • The Homeowners Insurance Statement page lists the specifics of your policy, such as your coverage and outstanding premiums.
  • When issuing the insurance, you will receive a page with a statement about the homeowner’s insurance.
  • You can get the insurance statement page by mail or through your online insurance account.

When you purchase insurance, you will receive a document called the insurance statement page. This is a one- to two-page document that briefly describes your policy.

The insurance declaration serves as proof of insurance. If you have a mortgage on your home, your lender will require you to submit a statement page to prove that you are renewing your insurance each year. If you do not provide a statement page each year, you may be subject to “compulsory insurance”. Your creditor buys a

household insurance

insurance on your behalf, which is more expensive than if you renewed yourself, according to Allstate.

What is included in your homeowner’s insurance statement?

“Whenever you purchase homeowners’ insurance, update your insurance or change insurance providers, you will receive a new homeowner’s insurance statement page that highlights what is included in your insurance,” said Steve Wilson, senior underwriting manager at Hippo.

With the statement page, you will receive a bundle of documents that go in depth about the details of your policy. This can often be overwhelming and a statement page will allow you to instantly check what is part of your policy, says Wilson.

The standard page of the homeowner’s insurance statement will contain basic information such as the name of the policyholder, the policy number, the start and end dates of the policy and the location of the insured property. The statement page will also include your type of coverage, coverage limits, co-participation, premium and discounts. The contact details of the insurance provider and details of your mortgage, if you have one, will also be displayed.

The statement page will not contain detailed details about your policy. According to Hippo, there are three elements that your declaration page may not contain.

  • Specific exclusions: According to Hippo, specific exceptions are “a list of dangers, specific events or even items for which the company will not provide financial protection. The statement page does not show what risks are and which are not covered.
  • Complete policy application: The household insurance application contains specific information about you and your house, which you will fill in before receiving the offer. Information such as your home age or credit score will not be available on the statement page.
  • Current insurance contract: The entire insurance contract will cover the specifics of your insurance, which your homeowner’s insurance statement page does not cover.

How to read the homeowner’s insurance statement page

The homeowner’s insurance statement page gives you a general overview of your insurance. It is relatively straightforward and takes almost no time to read.

Basic information

One of the first pieces of information you will see on the insurance statement page is the name of the insured. Here you will see the names of the policyholders. “If you have roommates or live with a long-term partner, it’s a good idea to double-check this section to make sure they’re listed in the policy,” says Wilson.

You will also see your insurance number, the address of the insured home, the start and end dates of the insurance and information about your home.

According to Wilson, the “policy information” section of your statement may include information about a specific property:

  • The year your house was built
  • Type of stay
  • The age of the roof
  • Any security systems
  • Relevant construction information

In addition, you will see the contact details of your insurance agent as well as your mortgage provider (if any).


The homeowner’s standard insurance will have four main parts: housing, personal property, loss of use and liability coverage.

  • Dwelling: Coverage A protects the structure and foundations of your home. It also covers your embedded systems, such as plumbing, heating / cooling and built-in appliances. Coverage B also applies to separate buildings on your property, such as a garage or swimming pool, if they are damaged by the hazards specified in your contract.
  • Personal property: Cover C protects your property, such as free-standing appliances, clothing, jewelry and electronics.
  • Loss of use: Coverage D will cover all the expenses you have to incur if your house becomes habitable due to damage, such as alternative housing.
  • Liability coverage: Insurance E will cover all expenses if someone sues you for injury or damage to someone’s property. Coverage F offers paid medical care for guests injured on your property.

The coverage section also shows your limits for each type of coverage. The coverage limit is the maximum amount your insurance company will pay for damages related to your home that are covered by your insurance.


Your co-payment will be stated as a fixed amount or percentage in your insurance. The deductible is the amount you will have to pay before you can receive a refund for your claim. For example, if you have a $ 1,000 share and you have $ 15,000 in coverage, your total payout will be $ 14,000.


Your premium is the total amount you will have to pay to maintain your coverage. On the insurance statement page you will find your monthly premiums, the total premiums for the year and the advance payment of your insurance policy. You can also see a breakdown of the costs for each coverage on the statement page.


If you need additional coverage or need to adjust coverage in your insurance policy, they are available for additional purchase confirmations or sliders. According to Wilson, if you purchase additional referrals during the year, you will receive a new statement page that reflects this new information.


You will also see the discounts you are entitled to on the statement page. Here are some common homeowners insurance discounts:

  • Multiple discounts: This is a discount that you can get by combining your home insurance policy with another insurance product, usually car insurance.
  • Discounts for buyers of a new house / new house: If you are buying a new house or you have just bought a newly built house, you can get a discount. What qualifies as a “new home” varies between insurance companies.
  • Automatic payment in full, electronic funds transfer, paperless discount: You can get a discount when choosing the type of payment.
  • Discount without complaint: This is a discount for having a clean register with household insurance.
  • Loyalty discount: Your provider may offer a discount for being insured with them for several consecutive years.
  • Home security discount: If you have devices installed such as burglar alarms or smoke detectors, you may be eligible for the discount.
  • Non-smoking discount: Non-smokers can get a discount for a non-smoking household.
  • Home improvement discount: You can get a discount on upgrading the roof, electrical, heating and plumbing systems to improve the quality of your home.

Where can I find the homeowner’s insurance statement page?

Once your policy is issued, you will find an insurance statement page at the beginning of your insurance policy. You can also call your ISP to request a hard copy or access it online through your company’s application.

Wilson recommends the following steps upon receipt of the insurance statement page:

  • Be sure to check this document thoroughly to make sure the information is accurate. Inform your insurance agent of misspelled names, incorrect addresses and insurance limits to avoid problems in applying for or paying premiums.
  • See a premium breakdown for your annual premiums owed, including taxes and fees.
  • Keep the statement page in a safe place. You will need it on hand when applying for or submitting proof of insurance.
  • Request an electronic copy as a backup.
  • Set a reminder to review and update your statement page every year.

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