Rhode Island Insurance Adjuster Exam

Where can the deductible be found on an insurance policy?

1. Coverage Summary Page

2. Declarations Page

3. Policy Endorsements

4. Claims Handling Guidelines

The correct answer is: Declarations Page

The deductible is typically outlined on the Declarations Page of an insurance policy. This page provides a summary of key policy details, including the insured's name, address, coverage types, limits, and importantly, the deductible amount for each coverage type. The Declarations Page serves as a reference document that highlights essential aspects of the insurance contract, making it a go-to source for determining the financial responsibility of the insured in the event of a claim. While the Coverage Summary Page might provide a summary of coverage types, it does not always include specific details like deductibles. Policy Endorsements can modify coverage terms but do not usually specify the deductible directly. Claims Handling Guidelines detail the procedures for reporting and processing claims rather than the specifics of coverage or deductibles.