The key information in a cover note are as follows:

Cover Note

Sometimes while the policy is being prepared, the company will confirm that the risks have been accepted, by issuing a temporary document called the cover note.

The key information in a cover note are as follows:

      1. The name and address of the Insurance company

       2. The insurance policy number

       3. The cover note number (it is called a certificate of insurance for a motor policy)

       4. The name and address of the policy holder, including his identity card number

       5. Details concerning the property insured (in the case of motor policy: vehicle registration number, its make and model; the year of manufacture; the engine number; the chassis number; its cubic capacity and estimated value)

      6. The period of cover

      7. Any limitations as to the use of the property (in the case of a motor policy, it will be clearly stated that the vehicle is only for social domestic or pleasure use only. Cover will not be given if the vehicle is used for other purposes such as for business, racing, etc.)

      8. Any other conditions as set by the insurance company (in the case of a motor policy, the person (s) who are allowed to drive the vehicle will be clearly spelt out)

       9. The signature of the General Manager of the insurance company

       10. The amount of premium paid

The functions of a cover note are as follows:

(a) The evidence of an insurance contract between the proposer and the insurance company.

(b) A temporary cover for a limited period, until such time as the insurance company can prepare and issue the insurance policy to the insured. The insurance company then issues the client with an insurance policy which is really the legal contract between the insured and the insurance company.