WOWA.ca

Certificate of Insurance (COI)

This Page's Content Was Last Updated: January 9, 2024
WOWA Simply Know Your Options

Key Takeaway

  • A Certificate of Insurance is a document issued by an insurance company that outlines the conditions of an insurance policy, and is often required for commercial real estate to protect against risk and liability.
Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Select Mortgage Term:
Fixed
Variable
See More Rates

What is a Certificate of Insurance?

A Certificate of Insurance (COI) is a document issued by an insurance company or an insurance broker that acts as a proof of an insurance policy and outlines the conditions of the policy. It contains details of the policy holder, the type of coverage, the policy effect date and other key information about the policy.

In commercial real estate, owners, tenants and real estate agents are to have an insurance policy to protect in the event of an accident or property damage. Real estate management companies require their tenants and vendors to enlist the company as an additional insured to protect them from risk and liability as a consequence of the actions of the policy holder.

Disclaimer:

  • Any analysis or commentary reflects the opinions of WOWA.ca analysts and should not be considered financial advice. Please consult a licensed professional before making any decisions.
  • The calculators and content on this page are for general information only. WOWA does not guarantee the accuracy and is not responsible for any consequences of using the calculator.
  • Financial institutions and brokerages may compensate us for connecting customers to them through payments for advertisements, clicks, and leads.
  • Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.