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In this video, the tutorial explains the components of a Certificate of Insurance (COI), specifically focusing on the most commonly used Accord 25 form. This form summarizes essential details of insurance policies on a single standardized page. It serves as proof of insurance, highlighting critical information such as the type of coverage, its scope, the policy's effective date, and the policy limits. Viewers should note that various editions and versions of the Accord form exist, so appearances may differ. To aid in understanding, a COI template will be provided in the video description for download.