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# What is the Difference Between a Policy and Certificate?

When you take out **Standard Tenant Insurance**, you will receive **two documents**:

* **The Policy (Master Policy)**
* **The Certificate of Insurance (COI)**

Each serves a different purpose.

* * *

 **1️⃣ Policy (Master Policy)**

* This is the **contract** between **MSI** and the **policyholder** (typically a **landlord, property management company, or partner organization**).
* It outlines **all terms, conditions, coverage limits, and exclusions** that apply to **all insured tenants** under the group plan.
* The **master policy governs** the entire insurance arrangement and provides the framework **under which individual tenants receive coverage**.

* * *

 **2️⃣ Certificate of Insurance (COI)**

* This is an **individual document issued to each tenant** covered under the group policy.
* It serves as **proof of insurance** for the tenant, confirming that they are covered under the master policy.
* It typically includes details such as the **tenant’s name, policy number, coverage limits, and effective dates**.
* **Important:** It **does not** alter or override the master policy’s terms but **simply confirms coverage** under it.

* * *

**🔹 Key Difference:**

✔ **The Policy** is the **contract** between MSI and the **entity that arranges the insurance** (e.g., a landlord or partner).  
✔ **The Certificate** is issued to **individual tenants** as **proof that they are insured** under that group policy.