Acord 137 Form – Fillable Online Commercial Auto
Acord 137 Fillable Form
An Acord 137 form is known as a “Commercial Auto” insurance application. It is often required in the insurance industry to streamline the process of protecting commercial auto insurance coverage. This form contains all crucial details about the business’s vehicle and associated risks.
You can quickly obtain this fillable form by clicking the download button here. Moreover, you will learn how to fill out this form accurately, its importance, and additional details to get full coverage.
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Why is the ACORD 137 Fillable Form Important?
There is a vast difference between commercial auto and personal insurance. Businesses associated with vehicles have the risk of damage to property, liability for accidents, and injuries caused by their agility. This form ensures the following importance in the insurance industry.
Risk Assessment
The information provided on this form helps insurers evaluate comprehensive risk assessments associated with business vehicles.
Legal Compliance
This form meets the criteria for legal compliance, as many states require the commercial auto application to be carried out during operation.
Accurate Coverage Determination
This form ensures tailored coverage according to the intent of a business by providing accurate information.
Simplifies Claims
This form also ensures a smooth claim process for any loss.
How To Obtain a Fillable ACORD 137 Commercial Auto Form
Contact Insurance Agent
It is crucial to consult with your insurance provider and ask for the current commercial auto application. You must gather all essential information to provide the agent with a demand. Later, he/she will collect the information and help with coverage, analyzing risk assessment, and premium calculation.
Official Website
Acord’s official site allows users to download all Acord forms instantly. To do so, you must visit the website, look for the current form, and click the download button to save it.
Third-Party Website
Forms Dude is a valid third-party website offering Acord’s insurance forms. You have to type www.formsdude.com in the Google bar. Then, press the “Insurance Forms” category at the top. Look for the current application form (Acord 137 PDF Form) in the search bar. Fortunately, you can now fill out this form online here and get a print by clicking the print icon. Also, you can click the download button to save it on your device.
Step-by-Step Instructions for Filling Out the Blank Acord 137 Form
You must follow the following instructions to fill out this blank application form:
1- Producer/Applicant Information
In the first section of the form, you must write the name of the producer and applicant.
2- Business Auto Section
In this section, write the coverage types, coverage symbols, and limits.
3- Truckers Section
You must also write the coverage types, symbols, limits, and deductibles for physical damage and trailer interchange.
4- Signature
Lastly, get the applicant’s and the producer’s signatures with the date.
Additional Details to Consider While Filling Out Acord 137 Form
You must consider the following additional tips to mitigate the financial loss:
Assess Your Risk
The assessment of risk depends upon the nature of the business. For instance, a delivery company has more liability limits than a business that occasionally uses vehicles.
Compare Providers
The coverage options and rates of various insurance companies vary. To get the best one, it is essential to get quotations from different providers.
Review State Requirements
The rules and regulations for commercial auto insurance vary from state to state. You must ensure your insurance provider gets the form according to the state requirements.
Evaluate Coverage Needs
You must consult the insurance agent to evaluate the coverage types and limits.
FAQs
What is the Acord 137 Form Used For?
It is a standard application form developed under the Association for Cooperative Operations Research and Development (ACORD) policy. It is often used in the insurance industry to apply for or modify commercial auto insurance coverage policies.
What Information is Required on the Acord 137?
You must gather all crucial information such as vehicle, drivers, business, loss history, and type of insurance required.
What Happens if I Make a Mistake on the Acord 137?
The errors on the application form may lead to delays in approval or cancellation of policy.
Can I Include Multiple Vehicles on One Acord 137?
Yes, you can enlist various vehicles with specific details on this form.