How to Complete the ACORD 146 Equipment Floater Section

ACORD 146 Equipment Floater Section

We get many calls asking for the Inland Marine ACORD form. There is no ACORD form called inland marine. There are several forms which provide inland marine coverage. This is the one we recommend most often.

You will attach the ACORD 146 to the ACORD 125.

BASIC ACCOUNT INFORMATION

Like all the forms you attach to the ACORD 125, the first page of this form begins with basic account information.

DATE: In the top right hand corner of the form you should enter the date you are completing this form and sending it to your underwriters.

AGENCY: This is your agency's name.

CARRIER: This is the carrier to whom you are sending the application. If you are sending the application to more than one carrier, you may leave this blank so you don't alert each carrier to their competition.

NAIC CODE:  NAIC stands for the National Association of Insurance Commissioners.

Here is their website home page...

http://www.naic.org/index.htm

You can learn more at this earlier post we made - http://simply-easier-acord-forms.blogspot.com/2014/03/what-is-naic-code.html

POLICY NUMBER: If you are sending in a new application you will not have a policy number so you will leave this blank.

If you are sending in a renewal application this will be the policy number for this policy's current term.

EFFECTIVE DATE: This would be the date you want this policy to begin.

APPLICANT / FIRST NAMED INSURED: This is the applicant name from the ACORD 125.

I hope this helps you learn how to complete the ACORD 146 equipment floater section.



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