What does a "certificate of insurance" provide?

A "certificate of insurance" serves to provide proof of insurance coverage. This document is typically issued by an insurance company and confirms that an individual or entity holds a specific insurance policy. It includes important details about the policy, such as the types of coverage, the limits, the deductible amounts, and the effective dates of coverage.

The primary purpose of the certificate is to show third parties, such as clients or contractors, that the insured has the necessary insurance in place for a certain period. This is especially important in business transactions and contracts where proof of such coverage is required to mitigate potential liability issues.

The other options do not accurately reflect what a certificate of insurance provides. For example, it does not summarize insurance claims made, serve as a legal document for disputes, or represent a commitment for future premiums. Instead, it acts as a straightforward confirmation of current insurance status and coverage details.