On the other hand, ACORD Form 28 is designed to give persons and organizations that have a financial interest in the property of others a comprehensive view of the property coverages being provided.
What was developing as a nightmare for producers having to issue Evidence of Property Insurance ACORD 27 and Evidence of Commercial Property Insurance ACORD Form 28 has now become more of a problem to the certificate holders themselves.įorm 27 is designed for someone, other than a party having an insurable interest in property, who wants to know the types of property coverages being maintained by the party being requested to confirm its property coverages. Risk Management-Evidence of property insurance changes 01/07ĪCORD makes it clear that the forms are for informational purposes only
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