Find Me Funders
Declaration page
Also called dec page, declarations page, policy declarations.
The summary page of an insurance policy showing the named insured, the coverages and limits, deductibles, the policy period, and any additional interests.
Drafted with AI assistance. Not yet independently checked. Nobody has verified the claims on this page against a source, so treat the figures and legal points as a starting point rather than as settled, and confirm anything you are about to act on. How we check things.
What it means
Funders ask for it because it is the page that proves the policy exists on the terms they required. Equipment lenders want physical damage coverage at replacement value with themselves named as lender's loss payee. SBA lenders want hazard coverage on collateral and, where the loan is large enough or the business depends on one person, life insurance collaterally assigned. Landlords and general liability requirements come through leases rather than the loan.
Three documents that are not the same thing
- Binder. Temporary evidence of coverage from the agent, valid for a short period while the policy issues.
- Certificate of insurance. A summary prepared for a third party. It states what the policy is said to contain and expressly does not amend it.
- Declarations page. Part of the policy itself, issued by the carrier.
The distinction is the whole point of the request. Naming a lender as loss payee requires an endorsement to the policy; a certificate with a lender's name typed into a box proves that someone typed it into a box.
Where this one catches people
A certificate of insurance confers no rights. Its own text usually says so. If a claim is paid and the lender was never actually endorsed onto the policy, the carrier pays the insured, the insured spends the money, and the lender's recourse is to the borrower rather than to the proceeds. Confirm the endorsement, not the certificate.
Where you will meet this term
Read next
Declaration page — common questions
What does declaration page mean?
The summary page of an insurance policy showing the named insured, the coverages and limits, deductibles, the policy period, and any additional interests.
Where does declaration page catch people out?
A certificate of insurance confers no rights. Its own text usually says so. If a claim is paid and the lender was never actually endorsed onto the policy, the carrier pays the insured, the insured spends the money, and the lender's recourse is to the borrower rather than to the proceeds. Confirm the endorsement, not the certificate.
Is declaration page the same as an interest rate?
Declaration page is defined above; if you are comparing it against a rate, check whether the two measures share a time dimension before you put them side by side.
Which products does declaration page apply to?
Term Loan, SBA Loan, Equipment Financing, Asset-Based Lending.
Is there a worked example of declaration page?
Not on this entry. Where a term is arithmetic, the arithmetic is shown; this one is not primarily a calculation.
What else should I read alongside declaration page?
Additional Insured, Certificate of Insurance, Collateral, Loss payee, Stips.
Has this definition been checked?
Not yet. This entry is drafted and live, and the notice at the top says so. Confirm anything you are about to act on.
Is this legal advice?
No. It is a definition. What a clause does in your contract, in your state, is a question for a lawyer licensed where you are.
Can I suggest a term?
Yes — [email protected]. The glossary grows from what people are actually shown in contracts.