Cover Note

What Does Cover Note Mean?

A cover note is a temporary document issued by an insurer to provide proof of coverage for the insured until the official policy documents are available. While not equivalent to a certificate of insurance or other formal policy documents, it typically includes details such as the insured, the insurer, and the coverage provided.

Insuranceopedia Explains Cover Note

An insurer issues a cover note as proof of coverage while finalizing the policy paperwork. During this interim period, it serves as evidence that the insured has purchased insurance and typically offers the same coverage as the actual policy, though certain restrictions may apply. If the cover note expires before the official documents are issued, the insurer may grant an extension, or the insured may need to request one. If the insured chooses to cancel the policy within the allowed cancellation period, they may be entitled to a refund, as a cover note does not constitute a formal policy.