How to request a Certificate of Insurance (COI)?
Please reach out to our team to request insurance certificates, as we will often require third-party's information to issue proper documentation:
Email: [email protected]
Phone support: Book a call
Live chat: Login to your Ownr account and click the chat icon
The following third-party information (the organization or individual who is requesting this document)
Full name of individual or organization
For example: your customer, landlord, contractor etc.Full address of this party
Including city and postal codeDoes this party need to be added as an "Additional Insured”?
Contact the party requesting your insurance or consult with our insurance teamPurpose of the certificate
For example: Applying for a lease, contract for work , licensing
If you are simply requiring a copy for your own reference, let us know and we will also be happy to assist.
What is a Certificate of Insurance (COI)?
Certificate of Insurance (COI) is a type of insurance documentation that provides proof of active insurance coverage. This documentation contains the following policy information:
Name of the policy-holder
Type of coverage purchased
Coverage limits purchased
Policy effective and expiry dates
Description of business activities/operations
Name of third-party organizations or individual who may have interest on the policy
Certificate of Insurance does not change, extend or replace coverage described on the official policy documents.
Certificate Holder vs Additional Insured
Under your insurance certificate, there are fields that require third-party's information, specifically Certificate Holder and Additional Insured, these two terms cannot be used interchangeably and have different coverage meanings:
Certificate Holder: The party who is requesting and will be keeping storage of the certificate of insurance and does not have interest under policy coverage.
Additional Insured: The party (other than the insured), who is also protected by the terms of the policy in relation to the insured's business activities.
Therefore, an additional insured will have an interest in insurance claims settlement when added to the policy, however, they will only be entitled coverage if the accident that occurred is in relation to the insured business's activities.
Loss Payees
When organizations (such as leasing companies) rent out equipment, they usually want to be assured that if something happens to that rented property, the lender/lessor will be reimbursed for their loss. Therefore, they often request the renter/lessee to add them as a loss payee under the business’s property insurance.
Loss Payees are persons or an entity to whom the proceeds of insurance will be paid, once they have been added to the business’s insurance policy, they will have insurable interest in the property insured and rented, and are entitled to the reimbursement if a loss occurs.
Example: A business rented a commercial printer from a leasing company. The property policy will show the proceeds from a loss of the printer are payable to the leasing company.
Please discuss this with our insurance specialists, who will be happy to assist. Here is the information we will generally need:
Type of physical assets being rented
Year, Make, Model and serial numbers
Replacement value of the equipment (lease agreements typically contains this information)
Date of equipment possession and expected date of return
Name and address of the rental company