ACORD 24 (2016/03) Fillable Certificate of Property Insurance

ACORD 24 (2016/03)

Certificate of Property Insurance

Form Number:

ACORD 24 (2016/03)

Category:

Certificates

Last Updated:

March 2016

Page Count:

01 page

File Format:

PDF, Fillable PDF

ACORD 24 Certificate of Property Insurance Form

An Acord 24 is a valid certificate to prove that a commercial, residential, or specialized property has insurance coverage. It is often required for real estate agreements, building leasing, obtaining a loan, or construction site work. The form includes insured party details, property address and description, insurer information, policy number, effective dates, limits, and certificate holder details. The acord fillable form helps online fill out and quick submission to the insurance agent to deliver on time

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Benefits of Acord Property Insurance Certificate

Proof of Active Property Insurance

It serves as proof that a specific vehicle or equipment has active insurance coverage to assure lenders or lessors of protection against risks.

Fulfill Contract Requirements

Most companies require valid proof of property insurance before agreements allowing occupancy.

Fast and Efficient Verification

The form includes insurance policy details that help provide instant and efficient insurance coverage verification.

Protect against Financial Loss

Due to adequate property insurance coverage, the policyholder can easily claim the financial loss due to an accident.

Key Sections of the Acord 24 fillable form

Date and Policyholder Details

Include the policyholder and insurer involved information to understand the policy coverage.

Insurance Coverage Details

Records the type of property covered under the insurance policy, with limits and effective dates.

Additional Remarks

Streamline the communication between the policyholder, the insurer, and the certificate holder, explaining the special conditions.

Certificate Holder Details

Complete information about the certificate holder, cancellation clause, and authorized representative signatures helps reduce fraud.

How to Complete ACORD 24 PDF?

  1. Write the current date, policyholder’s name, address, and contact number.
  2. Mention the name and address of the insurance agent, along with the additional insurer’s NAIC number.
  3. Write the accurate location and address of the insured property.
  4. Mention the property insurance coverage type, including causes of loss, policy number, effective and expiration dates, covered properties, and deductibles.
  5. Write the additional remarks regarding the policy coverage to streamline the communication.
  6. Mention the certificate holder’s details, including name and address.
  7. Get the authorized representative’s signature to validate the certificate.
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Frequently Asked Questions

It covers all commercial, residential, rental, and industrial properties.

No, it is a certificate that proves that a specific property has an active insurance policy.

Yes, you can change the certificate holder at any time. However, you must ask your insurance agent for updated information on another property insurance certificate.

It is required for leasing, obtaining a loan, closing a real estate deal, and contract work where property protection is verified.

It includes the details of the insured parties, the insurance policy holder, the property address and description, the insurer, and the certificate holder.

No, it includes the coverage limits rather than deductible amounts.

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