ACORD 132 Fillable Form – Truckers / Motor Carriers Section
ACORD 132 (2012/04)
Truckers / Motor Carriers Section
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Form Number: |
ACORD 132 (2014/04) |
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Category: |
Commercial Auto Insurance |
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Last Updated: |
April 2014 |
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Page Count: |
03 pages |
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File Format: |
PDF, Fillable PDF |
Acord 132 Fillable Form
The Acord 132 form, also known as the “Truckers / Motor Carriers Section,” is an important document used by insurance agents to collect detailed information when applying for transportation-related insurance policies. It ensures that the insurance carriers have all the necessary data to underwrite and issue policies properly. Also, the form helps streamline the application process, avoiding unnecessary delays. Start your application process today and get your trucking business covered without unnecessary delays.
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Benefits of Using Motor Carriers Section Acord 132
Trucking-Specific Details
The Acord 132 form collects the trucking and motor carrier-related information, ensuring that all unique aspects of your operations, such as terminals, driver’s information, commodities hauled, regulatory filings, and general information, are accurately documented for insurance purposes.
Improves Risk Assessment
Collected information, including driver’s background, commodities carried, vehicle type, operation radius, mileage, and principal shipper, provides insurers and agents a comprehensive picture of your risk profile, helping them to evaluate and underwrite your policy accurately.
Fewer Coverage Gaps
The form has dedicated sections for special cargo, leased vehicles, and additional interests. It helps prevent accidental omissions.
Organize Complex Information
For businesses having multiple terminals, mixed vehicle types, and diverse commodities, the form organizes the complex information in a standardized and easy-to-read format.
Key Sections of Acord 132 (2012/04)
Insurance Details
The section contains the agency name, carrier details, policy number, NAIC code, and effective date.
Principal Shippers
It describes the names of major shippers your business works with regularly.
Regulation
Describes the regulatory information and operation type, such as common carrier, contract carrier, or private carrier, DOT rating, ICC filing, and docket number. This section requires an additional attachment to the Acord 194 state/federal filing.
Coverage/Limits
It needs an attachment of the Acord 137 form specific to your state that specifies the insurance coverages and limits requested.
Mileage or Units
It collects the annual financial and operation data, such as total mileage, gross receipts (past year, previous years, and estimated for next year), and number of power units.
Terminals
The section lists the garage details, including names, addresses, and locations where the vehicles are garaged. Also, it lists the number of vehicles and the distance from the main garage.
Driver’s Information
Describes the information of all drivers, including their name, address, date of birth, state, license number, SSN (social security number), marital status, years of experience, hiring date, etc. It also requires an additional attachment of the Acord 163 and Acord 125.
Equipment And Vehicle Types
Contains information on the total number of vehicles owned, leased, operated, or types, including tractors, trucks, semi-trailers, full trailers, and service trucks. It should be attached along with Acord 129 for owned units.
General Information
It has a series of “Yes/No” underwriting questions, such as vehicle maintenance program, Driver MVR checks, Recruiting methods, Lease or rental equipment, coverage for travel in Mexico or Canada, Trucker’s permit, driver’s compensation method, or use of tow trucks. Each “Yes” answer must be explained.
Additional Interest
Lists additional insureds, loss payees, lienholders, employees as lessors, or others with an insurable interest in a scheduled item.
How to Fill Out Acord 132 PDF Form?
- Download the Form: Download the form or access it online.
- Fill The Application: Enter the applicant information, such as the legal name of the business or individual, the effective date of applying, policy number, carrier, agency, NAIC code, and agency customer ID provided by your insurance agency.
- Terminals: List all trucking terminals with necessary details, including terminal name, full address, number of vehicles on each terminal, distance from the main terminal, and zone or territory code (if applicable).
- Driver Information: Write down each driver’s information who operates company vehicles, including legal name, address, experience, joining date, gender, marital status, driver’s license number, and assigned vehicle.
- Principal Shippers: List the names of your major regular shippers.
- Receipts/Mileage/Units: Provide operational data of your business.
- Commodities Transported: Describe the types of your business hauls, including average truckload, description of each commodity, and percentage of total revenue that each represents.
- Equipment: Specify the number of vehicles, types, radius of operation, and ownership status (owned, non-owned, leased, or long-term leased).
- General Information: Answer each question about your operations in “Yes or No”. Explain “Yes” answers in the blank space provided.
- Remarks: Explain additional information not captured elsewhere. Or attach the Acord 101 if you need more space.
Frequently Asked Questions
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