ACORD 128 (2015/12) Form – Garage and Dealers Section PDF
ACORD 128 (2015/12)
Garage and Dealers Section
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Form Number: |
ACORD 128 (2015/12) |
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Category: |
Commercial Lines |
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Last Updated: |
December 2015 |
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Page Count: |
04 page |
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File Format: |
PDF, Fillable PDF |
Acord 128 Fillable Form
Auto repair shops, parking facilities, and car dealerships need the Acord 128 fillable form to ensure accurate commercial garage and dealer insurance coverage. The form protects the vehicle from damage or liability risks during care, custody, or control. Detailed information enables insurers to assess potential risks more effectively, reduce errors, and prevent delays.
Form Preview
Benefits of Using Acord 128 Garage and Dealers Section Form?
Ensures Customer’s Vehicle Protection
The garage keeper section includes coverage for the customer’s vehicle, protecting the business from liabilities during repairs or storage.
Driver Risk Management
The driver’s record helps the insurer determine driving risks and implement safety measures to reduce premiums.
Lienholder Contract Compliance
The additional interest section records the third-party interests to meet the loan or lease agreements, which helps reduce contractual disputes.
Streamline the Approval
The Acord 128 fillable form ensures structured data, which helps reduce errors and streamline the policy issuance.
Key Sections of Fillable Acord 128 PDF
Garage Operations
Records the business type, service, and location to define operational risks and ensure tailored coverage.
Garage Keepers
Ensures coverage type and vehicle in care to address custody liabilities and protects customer vehicles.
Driver Information
The Acord 128 form collects the driver’s information to assess driver risk and ensure accurate premium calculation.
Coverage Types and Limits
Includes physical damage, liability, and deductibles to specify policy scope and align with business needs.
Additional Interests
Meet the contractual requirements and record the third-party interests to prevent the underwriting delays.
How to Fill Out Acord 128 Form Template?
- Write the agency’s and carrier’s names, address, NAIC, policy number, and effective date.
- Tick the boxes for auto service operations, auto dealers, and vehicle storage.
- Write the location number of the operator’s class.
- Tick the boxes for the coverage of comprehensive, specified perils, and collisions.
- Write the driver’s name, address, gender, marital status, date of birth, experience, license number, and usage details.
- Explain all yes responses for the general information.
- Write the additional interest’s name, address, item number, description, and reference number.
- Write the additional remarks to ensure enhanced coverage.
- Get the producer’s and applicant’s signatures to validate the insurance coverage.
Frequently Asked Questions
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