Declarations — the front page (or pages) of a policy that specifies the named insured, address, policy period, location of premises, policy limits, and other key information that varies from insured to insured. The declarations page is also known as the information page.

What is declaration basis?

1) Declaration based on ‘declared and listed contract’ basis: A contractor is required to declare every contract that he undertakes before its commencement to the insurance company. … If the insured value increase beyond the estimate, an additional premium is required to be paid by the contractor.

What is floater declaration policy?

Fire floater declaration policy is issued to take care of frequent fluctuations in stocks/stock values. The policy covers stocks at various locations under one Sum Insured. … If declarations are not received within the specified period, the full sum insured under the policy shall be deemed to have been declared.