Instructions ACORD 131 Care, Custody, Control and Vehicles Sections

ACORD 131 C,C,C and Vehicles Instructions

CARE, CUSTODY, CONTROL

This is a big insurance issue. Does your customer's insurance cover them for damage to the property of some one else left in their care?

Here is a good definition of Care, Custody and Control...

http://www.irmi.com/online/insurance-glossary/terms/c/care-custody-or-control-ccc.aspx

Instructions ACORD 131

LOC - Remember how this form is attached to the ACORD 125? Well that is where the number you would enter here for locations number will be found.

PROPERTY TYPE - check the box to indicate if the property at this location which is in the care, custody and/or control of your insured is REAL property - like a building, or PERSONAL property - contents of a building.

VALUE - if you checked REAL for property type enter the value of the entire building. If you checked Personal enter the value of this personal property.

A*, B*, C*, D* - Read the line at the very bottom of the box for CARE, CUSTODY, CONTROL to see what these seemingly mysterious letters mean.

Check any and all boxes which apply/

A - Applicant is held harmless in the lease

B - Applicant has a waiver of subrogation

C - Applicant is a Named Insured in the fire policy

D - Other - Specify

SQ FT OF BLDG OCC - enter the square footage of the building occupied by your insured.

OCCUPANY / DESCRIPTION OF PERSONAL PROPERTY - this is a description of the property held in your insured's care, custody or control.


VEHICLES

How to Compelte the ACORD 131

TYPE

This column is a list of vehicle types that match the rows and columns to the right. This is a reference point.

Example - if you have private passenger vehicles you will check the related columns for OWNED, NON-OWNED, LEASED, PROPERTY HAULED and RADIUS in this row for those Private Passenger vehicles.

# OWNED - the number of vehicles owned for each listed vehicle type.

# NON-OWNED - the number of vehicles used but not owned or leased

# LEASED - the number of vehicles leased for each listed vehicle type

NOTE: Leased is normally a longer term contract than a rental contract. Rental contracts are for a day or week while leased is typically for a year or multiple years.

PROPERTY HAULED - Describe the specific property being hauled - carried - in each vehicle type.

RADIUS (MILES) - Enter the number of vehicles which fall into each radius.

LOCAL - up to 50 miles from office or garage location

INTERMEDIATE - between 51 and 200 miles from office or garage location

LONG DISTANCE - over 200 miles from office or garage location

If you have more than one vehicle in any vehicle type, some may be local, some intermediate and some long distance.

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