Why you want a certificate of insurance

A certificate of insurance is proof of liability coverage that is provided for a certificate holder. This is created by your insurance company or agent and it will list your basic liability limits. The certificate holder is often a leasing company or landlord. They require this certificate because if you don’t have the right insurance limits they can sometimes be held liable in certain claims. A bank might require a similar certificate in order to approve an auto loan, this is evidence of property coverage which proves to them they will be paid out of you are in an accident.