Which three items are typically included on a Certificate of Insurance (COI)?

Study for the BOMA Foundations Exam. Enhance your skills with flashcards and multiple choice questions. Each question comes with hints and explanations to help you get confident for your test!

The correct items typically included on a Certificate of Insurance (COI) are the insurance amount, policy expiration date, and insured party. Including the insurance amount is crucial as it indicates the maximum amount the insurance will cover in the event of a loss. The policy expiration date informs all parties involved about the validity period of the insurance coverage, essential for confirming that coverage is still active. Identifying the insured party provides clarity on who is covered under the policy, which is necessary for both legal and operational reasons.

While the choices about insurance requirements, issuer, and address may provide useful information, they do not represent the core components universally found in a COI. The other choices either discuss items that are supplementary or not standard in a COI format. The overall structure of a Certificate of Insurance is designed to communicate essential coverage information clearly and efficiently.

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