How to Complete the ACORD 24 Certificate of Property Insurance

Instructions for ACORD 24 Certificate of Property Insurance

CERTIFICATE NUMBER - if your agency assigns certificate numbers to issued certificates, this is where you should enter that number. Tracking certificates this way is a good idea if you issue a lot of certificates for a specific insured.

REVISION NUMBER - if your agency does assign certificate numbers and they have to change anything on a certificate already assigned a certificate number, this is where you would enter a revision number. Normally the first revision would be number 1. This means this original certificate would have been 0 and no revision number would have been entered.

ACORD 24 Location of Premies

LOCATION OF PREMISES / DESCRIPTION OF PROPERTY

Enter the physical location of the property this certificate covers. Normally this is the physical address. But sometimes the physical address is for several related buildings - house, guest house, barn, garage, garden shed, boat house, tractor shed, etc. In these cases you will need to include a more detailed description.

If you need more room for the description you should use the ACORD 101 Additional Remarks form.

ACORD 24 Limits May Be Reduced Statement

ALL CAPS WORDING

The text section immediately below the Location of Premises certifies the policy has been issued. It also states clearly that this certificate, or any other document not the actual policy cannot change the policy. Finally it makes clear that the coverage limit shown on this document may be reduced upon payment of claims.

How to Complete the ACORD 24 Certificate of Property Insurance

INSR LTR

This stands for Insured Letter.

To the right of the Insured name and address section near the top of this page you entered the insurer's names and NAIC numbers. Enter the INSURER LETTER - A, B, C, D, E or F - for the insurer which is providing the coverage in the rows corresponding with this column.

If the coverage described in any column is not provided by any carrier, do not enter an Insured Letter.


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