Commercial Property Applications Checklist
- ACORD 125 - Applicant Information Section
- ACORD 139 – Statement of Values
- ACORD 140 - Commercial Property Section
- ACORD 145 – Accounts Receivable and Valuable Papers
- ACORD 149 – Dealers Section
- ACORD 159 – Schedule of Insurance
- ACORD 190 – Supplementary Property
- ACORD 810 - Business Income, Extra Expense or Rental Value
- ACORD 811 - Value Reporting Information Supplement to Property Section
- ACORD 60US - Terrorism Coverage Rejection
- ACORD 63 - General Fraud Statement.
The ACORD 125 form is the basic insured information document. It is the first form to use for your general liability application. Information such as full business name and what coverages are being applied for are part of the ACORD 125.
ACORD 139 Statement of Values
is used when multiple locations owned or operated by the same insured will be included in an average or blanket rated property insurance policy.
ACORD 140 Property Section
form is used for basic property description and information on one or two locations.
The ACORD 145 Accounts Receivable and Valuable Papers is used if either or both of these coverages are to be included in connection with a commercial property policy.
The ACORD 149 Dealers Section is used to include inland marine coverage for the merchandise of…
- Camera dealers
- Equipment dealers
- Fine Arts dealers
- Musical Instrument dealers
- Stamp and Coin dealers
The ACORD 159 Schedule of Insurance form is used when multiple locations insured on one policy but with separate limits (as opposed to blanket limits) are requested.
The ACORD 190 Supplementary Property form is used for additional underwriting information if the property is suspected of being exposed to arson or other fraudulent causes of loss.
The ACORD 810 Business Income, Extra Expense or Rental Value is used if these coverages are to be included in the policy.
The ACORD 811 Value Reporting Information Supplement to Property Section is used when a reporting form is to be used with the policy.
ACORD 60US Terrorism Coverage Rejection
allows your insured to reject Terrorism coverage as a part of their commercial general liability coverage.
ACORD 63 is the General Fraud Statement.
You should have each insured sign this as a matter of course.
Many states have their own state specific Fraud form. If the state the insured exposure is in has a specific state exception form, you should use that state's exception form.