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In this video tutorial, the importance and limitations of a Certificate of Insurance (COI) are discussed. The speaker emphasizes that a COI is essentially worthless and should be viewed as only a piece of paper. It primarily serves to confirm that certain insurance policies exist but does not ensure their validity or provide comprehensive coverage details. When obtaining COIs, it's crucial to verify that the individual or entity you are paying is listed as the insured on the certificate. While COIs can provide some assurance, they should not replace a careful review of the actual insurance policy. Further details on COIs will be covered in upcoming sessions.
