How to Complete the Attachments Section of the ACORD 125
In the Attachments Section you continue your inventory of all the forms you are including with this application.
The value of this exercise is...
1 - a final checklist for you to be sure you are sending your underwriter all the forms needed to quote and issue this group of policies
2 - a checklist for your underwriter to be sure she has all the forms you sent
If you are using Cap Dat ACORD, you can combine all these forms into one single form. That way the attachments cannot get lost.
Here is a list of the corresponding ACORD form numbers for the items listed in this section as of this writing...
- Additional Interest - ACORD 145
- Additional Premises - ACORD 160 or ACORD 823
- Apartment Building Supplement - ACORD 105
- Condo Association By Laws - no ACORD form, the actual bylaws
- Contractors Supplement - ACORD 186
- Coverages Schedule - no ACORD form
- Driver Information Schedule - ACORD 163
- International Liability Exposure Supplement - ACORD 815
- International Property Supplement - ACORD 816
- Premium Payment Supplement - ACORD 610
- Professional Liability Supplement - ACORD 187
- Restaurant / Tavern Supplement - ACORD 185
- Statement / Schedule of Values - ACORD 139
- State Supplement (if applicable) - Various state forms
- Vacant Building Supplement - ACORD 106
- Vehicle Supplement - ACORD 129
The remaining 13 blank sections are for any other ACORD or company specific forms you are sending your underwriter as a part of the overall submission.
I hope this helps you learn how to complete the ACORD 125 commercial insurance application applicant section attachments sections.
Taking a few minutes each day is a wonderful way to steadily build your insurance knowledge.
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