What is a certificate of insurance?

Can I cancel coverage at any time?

What is an exclusion?

What does "Limits of Liability" or "Limits of coverage" mean?

Is a deductible paid only once?







What is a certificate of insurance?
A certificate of insurance is a widely accepted form that provides evidence of insurance coverage to other people.

Can I cancel coverage at any time?
Yes, but some cancellations might cause you to pay a percentage of your premium as a penalty. This depends on the reason for your cancellation and the type of policy you have.

What is an exclusion?
An exclusion is a clause in the insurance policy that describes what is not covered. It is very important to always review the exclusions of a policy due to the coverage limitations.

What does "Limits of Liability" or "Limits of coverage" mean?
This is the amount of money that the insurance company will pay for claims. Insurance policies have different types of limits; some limits are for each event, some are for each claim, and some are the total aggregate of all claims during the policy period.

Is a deductible paid only once?
No, each claim usually has a separate deductible.