ACORD 146 Additional Interest / Certificate Recipients

How to Complete the ACORD 146 Additional Interest / Certificate Recipients Section

There is room for three additional interests / certificate recipients on this form. If you  need more room use the ACORD 45 form.

Not all fields apply to all insureds. Only complete the ones which do apply. This is very important as any Additional Interest is given many of the rights of the Insured. You do not want to give these rights by error.

INTEREST

Check the box which applies for this specific business entity.

LOSS PAYEE - Good Definition HERE

LIENHOLDER - a person who retains legal possession of a piece of property until the person to whom he/she has advanced money for use of the property has satisfactorily repaid the debt.

OTHER - List your own here

NAME ADDRESS

Enter the full name and address as they need to be shown on a certificate of insurance.

RANK

Additional Interest can have a priority of rights. A rank of 1 would indicate this Additional Interest would receive protection from the policy prior to payments being made on behalf of lower ranked Additional Interests.

REFERENCE  #

Enter any loan document reference number.

CERTIFICATE REQUIRED

Check this box if you need a certificate of insurance sent to this Interest.

ITEM DESCRIPTION

Enter a description of this item.

INTEREST IN ITEM NUMBER

LOCATION - The location number listed in the Equipment Storage section.

BUILDING - The building number listed in any other part of this form or the attached ACORD 125.

SCHEDULED ITEM NUMBER - The corresponding number shown in the schedule on page two for this item.

OTHER: anything else you thing is useful.


I hope this helps you learn how to complete the ACORD 146 Additional Interest / Certificate Recipient section.


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