A document issued by an insurer or broker that verifies a policy exists and summarizes its key coverages, limits, and effective dates. Certificates are commonly required by landlords, lenders, and business partners as proof of coverage.
Related Terms
Broker
A licensed insurance professional who represents the buyer rather than the insurance company. Unlike agents, brokers shop the market across multiple insurers to find the best coverage and price for their clients.
Declarations Page
The section of an insurance policy that summarizes key information including the policyholder name, covered property, coverage amounts, deductibles, premium, and policy period. Often called the "dec page," it is the first page of your policy and serves as a quick reference.
Named Insured
The person or entity specifically listed on an insurance policy as the primary covered party. The named insured has certain rights and responsibilities, including the authority to modify the policy, file claims, and receive notices from the insurer.