Business Quote Homeowners Quote Automobile Quote Life & Health Quote

Insurance of all kinds is generally intangible. Whether you are talking about life insurance, auto insurance, home insurance or flood--you can’t hold insurance and you can’t sense it. Upon entering a vehicle or premise, you won’t even know insurance is “present” unless someone tells you.

Generally, it doesn’t matter that you can’t touch, feel or sense an insurance policy. As the insured you pay your premium when it is due and you know that, should disaster strike, your policy will be useful. You have proof of your payments and somewhere, where you store your most important documents, a copy of a policy.

But there are times when you need some sort of physical proof that you are insured and if you don’t have a policy or if you need something with a current date proving that you are still consistently paying your premium, it is then that a certificate of insurance is a useful tool.

The Certificate of Insurance

A certificate of insurance is a document issued by an insurer that discloses details about your insurance coverage, depending on the type of insurance you have. It can disclose the owner of the policy’s information, information about the insured property or person (if it is a life insurance policy) as well as the amount of insurance and the incidents that are covered.

 This certificate can come in handy when you are getting a loan, registering a car or have any need to prove to a person or business that certain liabilities you are exposed to are covered. You may be able to use a copy of your policy to this end but depending on the date of your policy, you may be required to show something more current that also serves as proof of recent payment.

It is important that you do not confuse a certificate of insurance with an actual policy. While neither is necessary to actually get the benefits of your policy, the certificate gives just a basic overview of your benefits. It does not spell out any requirements, exemptions or stipulations that may be within your actual policy document. Relying on your certificate of insurance as a guarantee of insurability is not a good idea.

Lastly, a certificate of insurance is not considered a bi-lateral contract. You cannot write directives or assignments on it and have them considered binding. It is simply a message to interested parties that you are currently insured.

Call us to get a free insurance quote at (817) 626-3339 or complete an online quote form.

Posted 2:13 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

View Mobile Version
Quick Links Our Latest Blog Featured Service
Make a Payment
Employee Directory
Our Reviews
Mechanical Inspection
Featured Service
Need help assessing your vehicle's repairs? Let us evaluate it for you.
read more... learn more...
Home|Locations|Get a Quote|Employees|Make a Payment|File a Claim|Testimonials|About|Contact
dotted divider
Mid-Cities Location
7716 Glenview Dr.
Richland Hills, TX 76180
Phone: (817) 589-0006
Fort Worth Location
5840 Jacksboro Hwy
Fort Worth, TX 76114
Phone: (817) 626-3339
Mansfield/Arlington Location
1209 N Highway 157
Mansfield, TX 76063
Phone: (817) 453-5524
Serving the Dallas-Fort Worth area in Texas.
© Copyright 2017. All rights reserved. Powered by Insurance Website Builder
Social Networking Review us on Google Blog RSS Feed Follow on Twitter Connect on LinkedIn Like us on Facebook