Auto Policy Declarations document is also known as a “Dec Page.” This document summarizes your insurance benefits.
Check your Additional Coverage: It lists additional benefits that you have paid in your policy. North Carolina requires a minimum of $30,000 in liability coverage for each auto. Additional Coverages list other benefits that you may not realize you have. Not everyone has additional coverages, so please check. Insurance companies are not obligated to tell you what your additional coverages are even though you pay for it. You may want to consult with an attorney regarding these coverages.
In North Carolina, all motorists must have Uninsured Motorists coverage in their insurance policy.
Uninsured Motorists (UM) coverage is a significant benefit, if the at-fault party does not have insurance. Contact your agent if this coverage isn’t listed on your policy.
Underinsured Motorists (UIM) coverage comes into play when there is not enough insurance. Therefore, if the driver at fault has no insurance, you would then rely on your own insurance policy to help cover the damages incurred. Contact your agent if this coverage isn't listed on your policy.
Medical Payments are also known in the industry as “Med Pay.” Medical Payments afford you a small financial resource to help pay for medical treatment. You will notice that medical payment benefits can appear under Coverage and/or Additional Coverage. Your attorney can help determine if this coverage is available to you.
How to Read Your Insurance Policy
This Policy Declaration document is only a sample and does not contain all possible insurance benefits. In general, most Policy Declaration documents will have similar language found in the example presented here.
VOCABULARY CHEAT SHEET
|DEC PAGE||Abbreviated phrase for Policy Declaration page|
|MED PAY||Abbreviated phrase for Medical Payments|
|UIM||Acronym for Underinsured Motorists|
|UM||Acronym for Uninsured Motorists|
|PD||Acronym for Property Damage|