Friday, August 15, 2014

Instructions for the ACORD 29 Property, Coverage and Risk Information

How to Complete the ACORD 29 Property, Coverage and Risk Sections


ACORD 29 Evidence of Flood Insurance Form

PROPERTY INFORMATION

ACORD 29 Property / Coverage and Risk Section

LOCATION / DESCRIPTION

Enter the physical address of the property for which this form is showing evidence of insurance.

If additional detail is needed to explain the exact location, enter text to do that.

If you need more space use the REMARKS section.

If that is still not enough use the ACORD 101 Additional Remarks form.

NOTE: You should be familiar with the wording in all capital letters below the location fields. Especially the part that says "Limits Shown may have been reduced by paid claims."

COVERAGE / RISK INFORMATION


DATE OF CONSTRUCTION

Enter the date the building was originally built.

CURRENT FLOOD ZONE

Enter the code from the Flood Insurance Rate Map - FIRM - for this location.

This question and the next question should use the FEMA Flood Map Service at this link...

https://msc.fema.gov/portal

FLOOD RISK / RATED ZONE

Enter the code for the Zone.

Learn more about this at the link below...

https://www.floodsmart.gov/floodsmart/pages/flooding_flood_risks/defining_flood_risks.jsp

GRANDFATHERED Y/N

Entering a Y indicates this building is Grandfathered for flood coverage. Enter an N for no if it is not.

BUILDING OCCUPANCY TYPE

Check the appropriate box..


  • Single Family
  • 2 - 4 Family
  • Other Residential
  • Non-Residential
  • Blank - define yourself next to check box


CONTENTS COVERAGE TYPE

Enter the appropriate type by checking the corresponding check box.


  • Residential
  • Non- Residential
  • Blank - define yourself next to check box


REPLACEMENT COST $

Enter the amount it would cost to build this building with same materials and construction quality new today.

CONDOMINIUM COVERAGE IS FOR (Check One)

Put a check or an "x" in the appropriate check box.


  • Unit Owner
  • Association Building


# UNITS

Enter the number of units  - condos - in this building.


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