ACORD 129 Instructions


Section Name Field Name Field and/or Section Description
TITLEACORD 129 (2003/08) VehicleSchedule This form is to be used in conjunction with the following ACORD forms to individually schedule vehicles:ACORD 127 – Business Auto SectionACORD 128 – Garage and Dealers SectionACORD 132 – Truckers/Motor Carriers SectionACORD 143 – Transportation SectionWithin the Remarks section of the above forms, a note should be made to “see attached vehicle schedule.”
IDENTIFICATION SECTION Much of the information for the Identification Section should match the data found within the Applicant Information Section of ACORD 125. Nevertheless, it is still important to complete it. Many companies separate the applications by line of business for rating purposes. Not completing this portion of the application makes it difficult to keep track of the full account.
IDENTIFICATION SECTION Date Month/day/year on which the form is completed.
IDENTIFICATION SECTION Producer Producer’s name, address and telephone number.
IDENTIFICATION SECTION Phone (A/C, No, Ext) Producer’s telephone number.
IDENTIFICATION SECTION Fax (A/C, No, Ext) Producer’s facsimile number.
IDENTIFICATION SECTION Code Identification code assigned to the agency or brokerage firm by the insurance company receiving this form.
IDENTIFICATION SECTION Subcode If the agency uses a subcode identification system with the company, enter the appropriate code.
IDENTIFICATION SECTION Agency Customer ID Customer’s identification number assigned by the agency.
IDENTIFICATION SECTION Applicant (First Named Insured) First Named Insured as it appears on the ACORD 125.
IDENTIFICATION SECTION Effective Date Enter the Effective date on which the terms and conditions of the policy will commence.
IDENTIFICATION SECTION Expiration Date Enter the Expiration date on which the terms and conditions of the policy will terminate unless renewed.
IDENTIFICATION SECTION Billing Plan Indicate whether the agency or the company (direct) will bill the insured or other payor for the policy.
IDENTIFICATION SECTION Payment Plan Indicate the plan to be used to pay the company for the policy. Use the company’s specific designation for the plan where possible. (e.g., Prepaid, Annual, Semi-annual, Bi-monthly, 40-30-30).
IDENTIFICATION SECTION Audit Use this field to indicate the audit term for policies that are subject to periodic audit. If the audit period is known, enter the code:A . . . . . . . . . . . . . . . . . . . . . . . . . . . . annualS . . . . . . . . . . . . . . . . . . . . . . . . . . . . semi-annualQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . quarterlyM. . . . . . . . . . . . . . . . . . . . . . . . . . . . monthlyO . . . . . . . . . . . . . . . . . . . . . . . . . . . . other
VEHICLE DESCRIPTION This section is used to collect pertinent information on the vehicles that are to be insured, including what they are, how they are used and what coverage applies to them.
VEHICLE DESCRIPTION Veh # Number assigned by the agent to this vehicle for purposes of tracking in the application process.
VEHICLE DESCRIPTION Year Vehicle’s model year.
VEHICLE DESCRIPTION Make Vehicle’s manufacturer (e.g., Buick).
VEHICLE DESCRIPTION Model Manufacturer’s model name (e.g., Regal).
VEHICLE DESCRIPTION Body Type Vehicle’s body type (e.g., 4 door sedan).
VEHICLE DESCRIPTION Vehicle Type Check the appropriate box. PP (private passenger), SPEC (special), or COML (commercial).
VEHICLE DESCRIPTION V.I.N. Full vehicle identification number assigned by the manufacturer.
VEHICLE DESCRIPTION Sym/Age Enter the age of the vehicle in years, as follows: * 1 – Current model year * 2 – First preceding model year * 3 – Second preceding model year * 4 – Third preceding model year * 5 – Fourth preceding model year * 6 – All other autos
VEHICLE DESCRIPTION Cost New If actual cash value coverage is desired, indicate the original retail cost the original purchaser paid for the vehicle and equipment.
VEHICLE DESCRIPTION City, State, Zip where garaged List the location where this vehicle is normally garaged.
VEHICLE DESCRIPTION Lic State Enter the state in which the vehicle is licensed.
VEHICLE DESCRIPTION Territory Enter the rating territory in which the vehicle is principally garaged.
VEHICLE DESCRIPTION GVW/GCW These terms identify the size class of commercial vehicles. The weights must be indicated to classify the vehicle correctly.
VEHICLE DESCRIPTION GVW Gross Vehicle Weight. Maximum loaded weight for which a single vehicle is designed by the manufacturer.
VEHICLE DESCRIPTION GCW Gross Combined Weight. Maximum loaded weight for a combination truck-tractor and semi-trailer or trailer for which the truck-tractor is designed as specified by the manufacturer.
VEHICLE DESCRIPTION Class This is the primary industry classification code found in rating manuals for commercialvehicles as determined by: * If this is a fleet or non-fleet policy * Commercial autos by size, business use, radius of operation and whether truck or trailer type * Public autos by type of vehicle, radius or seating capacity
VEHICLE DESCRIPTION S.I.C. This is the secondary Special Industry Class code which applies to commercial vehicles as determined by industry rating manuals.
VEHICLE DESCRIPTION Factor This is the sum of the rating factors from the primary and secondary classification tables. This field may be left blank if you are not rating this application.
VEHICLE DESCRIPTION Seating Capacity Used for public vehicles and livery vehicles. Enter the number of passenger seats available.
VEHICLE DESCRIPTION Radius Enter the appropriate radius code as follows:L – Local . . . . . . . . . .Up to 50 miles. Not frequently operated beyond a 50 mile radius from the point of principal garaging.I – Intermediate . . . . . .Operation beyond 50 miles, but not regularly operated beyond a 200 mile radius from the point of principal garaging.LD – Long Distance . . Regularly and frequently operated beyond a radius of 200 miles.
VEHICLE DESCRIPTION Farthest Term For zone-rated vehicles, enter the town name and state of the terminal farthest away from the normal garaging location of this vehicle, that this vehicle travels to.
VEHICLE DESCRIPTION Drive to Work/School If this vehicle is used for commuting purposes to work or school, check the box that applies. Options are: * Drive to Work or School under 15 miles one way * Drive to Work or School 15 miles or over one way
VEHICLE DESCRIPTION Use Check the appropriate box for the primary usage of this vehicle. Options are: * Pleasure-Private passenger vehicles or pickups/vans not used for business purposes * Farm/Private passenger vehicles or pickups/vans principally garaged and used on a farm or ranch * Retail-Pick up or delivery of property to individual households Service-Transportation of personnel, tools, equipment or supplies to or from ajob site * Commercial -Transportation of property in vehicles other than those defined as service or retail
VEHICLE DESCRIPTION Check Coverages Use this section to indicate the coverages applicable to this individual vehicle. These coverages should correspond to the symbols indicated in the coverage section of ACORD 137. Abbreviations are:Liab . . . . . . . . . . . . .LiabilityNo-Fault . . . . . . . . . .”No-Fault” coverage, if applicableAdd’l No-Fault . . . . ..Additional “No-Fault” Protection, if applicableMed Pay . . . . . . . . . Medical PaymentsUnins. Mot . . . . . . . .Uninsured MotoristUnderins Mot . . . . . . Underinsured MotoristTowing & Labor . . . . .Towing and LaborSpec C of L . . . . . . . Specified Cause of LossF. . . . . . . . . . . . . . ..Specified Cause of Loss by FireF & T. . . . . . . . . . . . Specified Causes of Loss by Fire and Theft F, T, & W . . . . . . . .. Specified Causes of Loss by Fire, Theft and WindstormLSP . . . . . . . . . . . . Limited Specified PerilsComp. . . . . . . . . . . ..Comprehensive CoverageColl. . . . . . . . . . . . .. Collision CoverageRent Reimb. . . . . . . . Rental Reimbursement Coverage
VEHICLE DESCRIPTION Deductibles Indicate if the deductible is based on an ACV – Actual Cash Value, AA – Agreed Amount, or ST Amt – Stated Amount basis by checking the appropriate box. For Agreed Amount or Stated Amount basis enter the applicable limit.Indicate if the other than collision deductible is for comprehensive coverage or some sort of specified cause of loss coverage, along with listing that deductible amount.Enter the collision deductible in the space provided.
VEHICLE DESCRIPTION Net Veh Dr/Cr Enter the net rating factor that applies to this vehicle. Do not include debits or credits that apply on a policy level. Provide under Remarks a description of each debit or credit used in the calculation of the net rating factor.
VEHICLE DESCRIPTION Tot Prem Enter the total premium for the vehicle.