Tuesday, August 12, 2014

How to Complete the ACORD 28 Cancellation and Additional Interest Sections

ACORD 28 CANCELLATION AND ADDITIONAL INTEREST SECTIONS



CANCELLATION

The cancellation section is simple. Thee is nothing to complete. But you should be aware of what it says, which I quote below...

"Should any of the above described policies be cancelled before the expiration date thereof, notice will be delivered in accordance with the policy provisions."


ADDITIONAL INTEREST

Check the appropriate box to indicate if the additional interest is a MORTGAGEE, LENDERS LOSS PAYABLE, CONTRACT OF SALE or other.

If Other enter a description.

NAME AND ADDRESS

Enter the name and mailing address of the additional interest. If there is more than one additional interest you should issue a separate ACORD 28 for each.

LENDER SERVICING AGENT NAME AND ADDRESS

Enter the name and mailing address.

AUTHORIZED REPRESENTATIVE

Your signature if you are a licensed agent for the insurance company providing coverage on this form and if your contract with that insurance company grants you authority to sign.


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