what is a cover note

A cover note is a temporary document issued by an insurance company that provides proof of insurance coverage until a final insurance policy can be issued. It is different from a certificate of insurance or an insurance policy document. A cover note features the name of the insured, the insurer, the coverage, and what is being covered by the insurance. Insurance companies issue a cover note to provide an individual with proof of insurance before all the insurance paperwork has been processed. During this time, the insurer may continue to evaluate the risks associated with insuring the holder of the cover note, and the cover note will continue to serve as the insured’s proof that coverage has been purchased until the insurer issues the policy documents and certificate of insurance. A cover note is most commonly used outside of the United States.