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In this tutorial, the speaker discusses the significance of a Certificate of Insurance, emphasizing that it is essentially worthless beyond confirming that certain insurance policies have been issued. They highlight that when reviewing certificates, it’s important to ensure that the person being compensated is listed as the insured. While the certificate itself is limited in value, it serves as a reminder to verify the actual contents of the insurance policy. The speaker also mentions that most insurance agents utilize management systems to help confirm the necessary details about the insured parties associated with these certificates. Overall, the importance of due diligence in understanding insurance certificates is stressed.
