ACORD 138 Fillable PDF – Garage & Auto Dealers Insurance Form
ACORD 138 (2016/02)
GARAGE AND DEALERS
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Form Number: |
ACORD 138 (2016/02) |
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Category: |
Commercial Auto Insurance |
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Last Updated: |
February 2016 |
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Page Count: |
02 pages |
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File Format: |
PDF, Fillable PDF |
Acord 138 Form
The Acord 138 form, also known as “Garage and Dealers Coverage,” is a document used in California to describe insurance coverages, liability limits, and physical damage protections for businesses, such as auto dealers or garages. The form provides agents and insurers with clear and accurate information about the risks they are underwriting, ensuring the business is properly insured and compliant with state requirements. Download the form for free or fill it out online and start your submission today.
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Benefits of Using Garage And Dealers Form
Legal Disclosures & Waivers
The form complies with California law by documenting your disclosure and selection or rejection of optional coverages, such as UMBI, UMPT, and Waiver of Collision Deductible, protecting you and your insurer from future disputes.
Recognized by All Licensed Insurers
The Acord 138 CA is recognised by all insurers throughout California. By submitting an accurately completed form, you ensure your application is processed smoothly without unnecessary delays.
Separate Physical Damage Limits
It allows separate physical damage limits for dealer-owned vehicles, allowing you to describe separate perils, limits, and deductibles for each location.
Garage Keepers Liability
The form provides a separate section for defining deductibles and limits per location, ensuring protection for customer vehicles left in your care.
Key Sections Of Acord 138 Fillable Form
General Policy Information
The section includes policy details, such as policy number, carrier name, insured name, NAIC code, agency name, agency customer ID, effective date of requested coverage, and form completion date.
Coverages and Limits
It specifies which coverages you want and the limits of the insurance, including liability coverages, physical damage, garage keepers, covered auto symbols, limits for each location, medical payments, number of uninsured motorist coverages, and deductibles for each auto.
Endorsements / Remarks
This section provides additional space for coverages, deductibles, or special agreements. Also, you can attach Acord 101 (Additional Remarks Schedule) for more space.
Signature
Applicants must sign the form to acknowledge that they have been offered the required coverages and understand the selections.
How to Fill Out Auto Dealers Insurance Form?
- Download the Form: Download the form or fill it out online.
- General Policy Information: Input the insured name, agency name, name insured, policy number, effective date, carrier information, and NAIC code..
- Choose Covered Auto Symbols: Select the covered auto symbols (21-31) according to the vehicle category, type, and operations you want covered.
- Specify Liability and Damage Limits: Enter the amount ($) for each type of liability and damage coverage.
- Remarks: Add additional information in the remarks section. Or attach the Acord 101 if more space is required.
- Sign and Date: The applicant and producer must sign the form with the application processing date.
- Submit: Once completed, submit the application directly to your insurer or broker.
Frequently Asked Questions
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