ACORD 146 Fillable PDF – Equipment Floater Section Form

ACORD 146 (2007/02)

EQUIPMENT FLOATER SECTION

Form Number:

ACORD 146 (2007/02)

Category:

Insurance Form

Last Updated:

February 2007

Page Count:

02 page

File Format:

PDF, Fillable PDF

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ACORD 146

Businesses that use heavy equipment, tools, or machinery need proper insurance documentation to protect their assets. The Acord 146, officially known as “Equipment Floater Section,” is a standardized document used to list and insure scheduled and unscheduled equipment under commercial policies, ensuring your items are properly listed, valued, and protected in case of loss, damage, or other risks. You can directly fill out, download, or print the form easily from here. Start now and keep your equipment protected.

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Benefits of Using Equipment Floater Acord 146

Captures Special Risk Exposures

The form asks about work done afloat, underground use, or loaned or leased equipment, ensuring the insurer knows appropriate operational risks and can underwrite the policy accurately.

Accurate Valuation

The Acord 146 form supports accurate valuation, capturing the amount of insurance per item. It helps ensure each item is covered at either replacement cost or actual cash value.

Faster Claims

Completing all information accurately means faster claims handling. When an item is damaged or lost, the insurer has immediate access to verified information.

Key Sections of Acord 146 Fillable Form

Agency and Applicant Section

This section describes the agency name, contact number, address, and the applicant’s name, and other business details.

Billing & Policy Section

It includes proposed effective and expiration dates, billing plans, and payment methods.

Territory of Operation & Types

Lists the territory of operation and the type of operation.

Scheduled & Unscheduled Equipment Section

For each item, describe equipment, list the serial, date of purchase, general class of the item, total value insured, etc.

Coverage and Deductibles

This section indicates the type of coverage, all risks, the deductible amount, and any valuation preference, such as replacement cost.

Additional Interests

It specifies any lienholder or loss payee who has a financial interest in the item.

General Questions

This section contains Yes or No questions.

Storage & Security

It indicates where the equipment is stored, the value of the building, and the type of security used.

How to Fill Out an Acord 146 PDF Form?​

  1. Agency and Applicant Information: Start with your agency’s name, phone number, fax number, agency customer ID, code, and subcode.
  2. Policy & Billing Details: Enter the effective and expiration dates for equipment coverage. Also, choose the right billing and payment plans based on your insurance company’s agreement.
  3. Type and Territory of Operation: List the type of operation, such as excavation or construction, and the Territory of the operation.
  4. Equipment Storage: Indicate the location number, months in storage, maximum value of equipment stored inside or outside of a building, and type of security.
  5. Additional Interest: In case of leased or financed equipment, list each party with financial interest, such as Lienholder or Loss Payee, including interest rank, name, and full address, loan ID, location, scheduled item number, and interest in the item.
  6. General Information: Answer the following questions with a “Yes/No” response. Additionally, provide explanations for any “Yes” responses.
  7. Scheduled Equipment Information: Specify each equipment, including description, type, model, manufacturer, capacity, new or old, serial number, model year, amount of insurance, etc.
  8. Unscheduled Equipment Information: Describe the equipment grouped class instead of listed individually. Additionally, enter the description of the class, the maximum value of any single item, the total amount of insurance, and the co-insurance percentage.
  9. Provide Coverage and Deductible Details: Describe the coverage terms and deductible amount, including type of coverage, deductible value, and basis of valuation.
  10. Submit: Print and fax the completed form or submit it online.
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Frequently Asked Questions

Sure, the form is designed to list multiple equipment along with unscheduled equipment categories.

This form is used to list and insure contractors’ equipment under a commercial property or inland marine policy, whether the equipment is scheduled or unscheduled. It collects all related information about each item, including its value, location, storage, and usage risk.

Scheduled equipment is listed individually with details, including its description, value, model, make, year, serial number, etc. On the other hand, unscheduled equipment is a group or class of items insured under one total amount.

The type of operation indicated the nature of the business, such as construction or excavation. And the territory of operation indicates where the equipment is being used. Both information help insurers to assess the risk level.

AcordForm.net provides an editable or fillable version of the form. Therefore, you can fill it out online, save it, and download a printable copy of the PDF.

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