ACORD 152 (2015/06) Fillable – Commercial Inland Marine Section PDF

ACORD 152 (2015/06)

COMMERCIAL INLAND MARINE SECTION

Form Number:

ACORD 152 (2015/06)

Category:

Commercial Lines

Last Updated:

June 2015

Page Count:

04 Pages

File Format:

PDF, Fillable PDF

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ACORD 152

Businesses with movable or specialized property often require a clear, accurate, and standardized way to list and describe those assets for insurance purposes. The Acord 152, “Commercial Inland Marine” form serves as that tool, providing insurers and policyholders a precise documentation of valuable equipment and property in transit, on a job site, or stored at multiple locations. Completing this form accurately can reduce manual errors, support faster underwriting, and protect your financial interests. Download or fill out the form online to ensure your coverage is accurate and up to date.

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Benefits of Using Inland Marine Acord 152 Fillable

Organized Property Scheduling

The form contains a “Scheduled Items” section that provides a detailed and organized table for collecting each insured item, such as its description, make, model, year, value, serial number, and location. A precise scheduling reduces manual errors, ensures all valuable property is covered, and speeds up claims verification.

Fast Underwriting

As the form organizes all important information about property, coverage, and interest in a single document, insurers can process applications and claims more quickly, resulting in fewer back-and-forth requests for missing data.

Coverage Customization

The Acord 152 fillable form supports various inland marine classes, making it adaptable for medical professionals, contractors, and other businesses with movable property.

Accurate Equipment Storage Details

It provides detailed storage information when the property is not in use, including location, facility type, and security measures that help underwriters to evaluate risks.

Key Sections of Acord 152 PDF

General Information Section

This section contains insurance and applicant details, including carrier, agency, policy number, NAIC code, etc.

Schedule of Property

It covers each covered item with details, such as make, model, year, item number, serial number, location, and valuation.

Coverage Section

It specifies coverage codes, limits, deductibles, and coinsurance requirements.

Additional Interests

The section indicates any party with a financial interest in the property, such as any lender, lessor, or loss payee, including their name, address, etc.

Storage and Security

It explains where the property is stored when not in use.

Additional Information

This section provides additional space for any special note or explanation.

Signature & Date

It asks for the producer’s and applicant’s signatures and completion date to confirm that the provided information is accurate.

How To Complete The Acord Inland Marine Application?

  1. General Information Section: This section contains insurance and applicant details, including carrier, agency, policy number, NAIC code, etc.
  2. Schedule of Property: It covers each covered item with details, such as make, model, year, item number, serial number, location, and valuation.
  3. Coverage Section: It specifies coverage codes, limits, deductibles, and coinsurance requirements.
  4. Additional Interests: The section indicates any party with a financial interest in the property, such as any lender, lessor, or loss payee, including their name, address, etc.
  5. Storage and Security: It explains where the property is stored when not in use.
  6. Additional Information: This section provides additional space for any special note or explanation.
  7. Signature & Date: It asks for the producer’s and applicant’s signatures and completion date to confirm that the provided information is accurate.
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Frequently Asked Questions

Of course, this form requires additional attachments, such as purchase receipts, equipment appraisals, photographs, or maintenance records. These attachments verify the existence, value, and condition of the insured property.

The form is known as “Commercial Inland Marine Section”, which is used to document and insure movable or specialized property under inland marine coverage, ensuring accurate listing and coverage details.

Yes, you can list property used or stored at a different address. But each location must be listed properly in “the Scheduled Items” section.

Of course, you can submit this form via fax or email as a PDF attachment. Make sure whether your insurer also needs a signed, printed copy for their files.

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