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In this video, the speaker discusses the components of a Certificate of Insurance (COI), focusing on the commonly used Accord 25 form. The COI serves as proof of insurance, summarizing key details of insurance policies on a single page. It includes critical information such as the type of coverage, what is covered, the policy's effective date, and the policy limits. It is important to note that various editions of the Accord form exist, meaning not all forms will appear the same. To assist viewers, a COI template will be provided in the video description for easy downloading.