Acord 146 Form Fillable – Equipment Floater Section
Acord 146 Fillable Form
An Acord 146 form is an insurance application known as an “Equipment Floater Section” used to manage coverage for moveable assets. This form is designed for all contractors, photographers, and small business owners to get protection for their valuable assets used in various settings. A property insurance policy covers fixed assets, while an equipment floater section covers all moveable assets not confined to a fixed location. You can now get this fillable form by clicking the download button here. Moreover, you will get the benefits of this form, step-by-step instructions to fill it out, and some valuable details for full coverage.
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Why is the ACORD 146 Fillable Form Important?
This form basically streamlines the communication between the insurers and the policyholders. However, it is often required in the insurance industry to ensure the following scenarios,
Types of Equipment
This form provides information about how all business assets are adequately insured.
Valuable Assets
This form ensures the value of all assets and helps insurers to assess the risk factors involved in the business.
Financial Protection
This form is vital for analysing the risk and calculating the premium accurately. It will also help mitigate the financial loss from any damage, loss, or theft.
How To Obtain a Fillable ACORD 146 Equipment Floater Section Form
Contact Insurance Agent
It is essential to arrange a meeting with your insurance provider. Inform him/her about your business to get full insurance coverage for all moveable value assets. He/she will collect all essential details about the assets and your business. Later, the insurance provider will create this form with accurate information under the Association for Cooperative Operations Research and Development (ACORD) policy.
Official Website
Acord’s official website allows you to visit and save all insurance forms according to your intent. You must see the site and write the number or name of the form in the search bar. Later, click on the download button to save quickly on your device.
Third-Party Website
Fortunately, you can also visit Forms Dude, a third-party website, to obtain various insurance forms. Simply type www.formsdude.com into a web browser and search to visit the homepage. Then, press the “Insurance Forms” button at the menu bar to get a complete list. Search your required form (Acord 146 Form) and click the download button.
Step-by-Step Instructions for Filling Out the Blank Acord 146 Form
You must follow the given instructions to complete the form with accuracy:
1- Agency Information
In this section, write the agency’s name, carrier name, policy number, NAIC (National Association of Insurance Commissioners) number, effective date, and applicant name.
2- Territory/Type of Operation
Explain the location and operation of your business here.
3- Coverage/Deductible
Write the coverage details and deductible amount of equipment.
4- Equipment Storage
In this section, write the location number, inside and outside maximum value, security type, description, insurance amount, and coins.
5- Additional Interest
In this section, write the insurance type, name and address, reference number, and interest in item number. Note: Attach Acord 45
6- General Information
In this section, explain all “Yes” responses.
7- Scheduled Equipment
In this section, write the comprehensive details of all equipment. It contains the type, description, serial number, new/used, date of purchase, manufacturer, model, model year, capacity, and amount of insurance.
8- Signature
In the last section, write the producer’s name, state producer license number (Florida), and national producer’s number. Also, get the producer’s and the applicant’s signatures along with the date.
Additional Details to Consider While Filling Out Acord 146 Form
The following additional details will help you to fill out and submit this form with accuracy:
Equipment Audit
You must regularly update the form for adding or removing an asset to avoid overpaying for coverage of unnecessary items.
Understand the Policy
It is crucial to read all terms and conditions of the policy to understand exclusion such as damages caused by wrong usage.
Invest in Security Measures
It is a valid suggestion to install GPS Trackers or surveillance systems on valuable equipment to lower the financial loss.
Discounted Policies
You must consult your insurance provider and ask for any discount policy for bundle equipment floater policies with commercial or general property insurance.
FAQs
What is the Acord 146 Form?
It is a legal document used to cover the insurance for valuable portable assets of a business under the equipment floater policy.
What Types of Equipment Can be Insured?
IT equipment, audio devices, construction tools, medical devices, and cameras can be insured under the equipment floater section.
Does the Equipment Floater Covers the Transit Risk?
Yes, it covers the equipment protection during the transportation between the locations.
Can Rented Equipment be Covered in Floater Policy?
Yes, some floater policies cover leased or rented equipment. However, it is crucial to consult your insurance provider to understand the terms and conditions.