North Wayne Insurance Agency

04/09/2026

Your small business is important!

12/12/2025

WOW

12/12/2025

12/11/2025

12/11/2025

11/11/2025

THANK YOU OUTPOST!!!!!

11/04/2025

Fall honey dos:
1) change furnace filters. 2) Remove all water hoses from your house.
3) Put new batteries in smoke detectors 4) Reverse ceiling fans. 5) TBC (to be continued)

08/25/2025

Hilarious!!! Great socks at Stanford Marketing!!!!!

06/28/2025

The Complete Guide to Your Insurance Declarations Page
Let’s go back to the basics and talk about your insurance declarations page. Whether you’re insuring your car, home or business, every policy comes with one. Think of a declarations page like a synopsis or summary of a long, complex novel you just haven’t gotten around to reading yet. A summary allows you to learn about the main characters, the setting, the plot and even how the story ends all without breaking open the book’s spine. While we don’t recommend spoiling the end of a novel, an insurance declarations page functions in a similar way, providing you with the important information and details you need to know in order to understand the intricacies of your policy.
Let’s get started.
Your insurance declarations page or “dec” page specifically states what is being insured whether it’s a vehicle, home or something else. It also states the active coverages on the policy, so you know what you are paying for exactly.
The first page lists basic information about you and your agency.
It states your name, address, policy number and your agency’s name and contact information.
Other information listed on the first page includes:
Premium
Deductible
Limits
Policy term
Coverages
These are the “main characters” of your policy if you will. Getting to know them will only help you better understand your policy.
So, let’s get to know our main characters.
Premium is a yearly fee that you pay in order to make the insurance policy effective. Depending on your payment plan, you can pay this monthly, quarterly or semi-annually. You could also choose to pay it all at once, annually.
Deductible is the portion of a covered claim that you pay. Your insurance company covers the rest, up to your policy’s limits.
Which brings us to policy limit, which is the maximum dollar amount your insurance company will pay towards a covered loss. For example, if there is a loss to your home that results in another individual getting an injury that requires medical attention, your homeowners policy lists the limits for medical payments. Let’s say the limit for medical payments is listed at $5,000. Then, $5,000 is the highest dollar amount your insurance company will pay towards medical payments for this loss.
Policy term is the length of time your policy will be active.
Coverages are additional specific ways your policy may protect you in the event of a loss.
*More on this at: https://www.auto-owners.com/ao-blog/-/blogs/the-complete-guide-to-your-insurance-declarations-page