Definitions for "Cover Note"
Related Terms:
Certificate of insurance, Insurance certificate, Insurance binder, Policy, Endorsement, Endorsements, Insurance policy, Assured, Conditional receipt, Life insurance policy, Declaration, Proposer, Policyholder, Owner, Insurance coverage, Liberalization clause, Insured, Declaration page, Insuring agreement, Conditions, Additional insured, Other insurance, Cancellation, Policy conditions, Provisions, Premium receipt, General insurance, Declarations, Other insurance clause, Master policy, Policyowner, Declarations page, Guaranteed renewable, Policy holder, Incontestability clause, Continuously insured, Proposal form, Insurer, Umbrella policy, Legal reserve life insurance company, Insurance company, Life settlement, Reinstatement provision, Guaranteed insurability rider, Policy exclusions, Cancelable, Cancellable policy, Open policy, Incontestable clause, First named insured
Temporary confirmation of insurance cover, particularly in motor insurance, pending delivery of the policy and/or certificate.
Temporary insurance cover until a formal insurance policy issues.• Insurance - General
Confirmation to the ceding company of terms and conditions and percentage placed with each reinsurer. See Slip.
A statement indicating that the coverage has been placed. Compare BINDER.
Temporary certificate which confirms that an insurance policy is in force.
a temporary Insurance Policy issued by the Insurer or Agent after the Insured has duly filled the proposal from and paid the premium in full
This is a document giving temporary insurance cover over a property until a formal policy is issued by the insurance company.
Statement made by agent or broker in writen form attesting to the insured that the insurance policy is in effect. This statement is prepared by the agent or broker, unlike the binder, which is prepared by the insurance company (insurer).
refers to an immediate insurance cover that can be taken out over the phone. The cover will usually last from 10-30 days depending on the insurer. It gives you time to receive the insurance policy proposal in the mail and make the premium payment if you decide to take up the insurance.
Temporary property insurance before a formal policy is in place
a document that provides short-term evidence of insurance cover before the policy and certificate have been issued. (Not generally relevant to home insurance).
This is a temporary certificate of insurance, usually issued for a period of 30 days whilst your policy and documents are being prepared.
This is a temporary certificate that shows an insurance policy is in place.
A temporary certificate confirming that an insurance policy is in force. Credit Allows you to buy goods and services before you pay for them.
A temporary document that is issued while the certificate of insurance is being prepared
A temporary certificate issued to you while you await your policy.
A document issued by an insurance company giving temporary insurance until a formal policy is issued.
Temporary property insurance cover used to protect a property prior to taking out a formal insurance policy. Cover notes are often taken out while a property is under contract, and a formal policy taken out when the property settles.
Insurance document evidencing that insurance cover for a consignment has been taken out, but not giving full details.
A cover note is a document issued in advance pending the issue of the policy, and is normally required if the policy cannot for some reason or other be issued straight away. Cover notes can also be issued during the course of negotiations to provide cover on a provisional basis. A cover note is not a stamped document but is honored, all the same , by all parties concerned.
A temporary insurance policy before the implementation of a formal policy
A temporary certificate confirming that an insurance policy is in force. Used in motor insurance for taxation/registration purposes and in some other contexts such as life assurance to confirm that cover is effective on a temporary basis while further information is being gathered.
Similar to a binder, but binders are usually issued by companies and delivered to agents. A Cover Note is usually written by an agent, and it informs the insured that coverage is in effect. In reinsurance, a Cover Note is a statement issued by an intermediary or broker indicating that coverage has been effected.
A note from the insurance company insuring a property on a temporary basis, usually for a limited time period allowing the borrower to complete formalities for full insurance cover to be issued. A lender requires full insurance cover.
A non-negotiable document evidencing insurance which may or may not indicate the terms of coverage.
The arrangement of temporary insurance until a formal policy is issued by the insurance company.
a document issued to the insurer or agent confirming details of the insurance cover placed. Some cover notes (eg for motor insurance) are a legal requirement.
A document giving temporary evidence of cover while the policy and certificate are being prepared.
(Note de couverture) Same as binder.
A document issued by an insurance company to temporarily insure a property until a formal policy is issued.
a cover note is issued by an insurance company to give temporary evidence of an effectual insurance policy before the policy and certificate have been prepared.
a note from an insurance company giving temporary cover until a formal policy is issued
A temporary document that can be used as evidence of insurance cover, while the actual policy and insurance certificate are being prepared.
Temporary evidence of the granting of insurance.