How Do You Read ACORD 25? Tips and Tricks Inside

The Acord 25 Form is commonly used as the certificate of liability. You must understand all the sections of this form for better coverage. Obtaining the latest version of the form by visiting www.acord25.com to meet legal compliance is essential. Moreover, you must understand the following sections to help you read fillable Acord 25 form.

Understand Acord 25 Form

1- Producer Information

In this section, you must write comprehensive details of the producer. It includes the producer’s name, contact number, fax number, email address, and complete postal address (street, city, state, and city’s postal code).

2- Insured Information

You must provide the insured(s) information, such as name, complete postal address (street, city, state, and city’s postal code), and NAIC (National Association for Insurance Commissioners) number.

3- Coverage

You must write the revision, certificate, and policy number in this section. Also, write the effective and expiration date for each commercial and automobile liability.

4- Description of Business

The comprehensive details of a business are essential to understanding policy coverage.

5- Certificate Holder

You must write the certificate holder’s details, such as complete address (street, city, state, county, and city’s postal code).

6- Cancellation Clause

If the insurance policy is canceled within the effective date, the insurer will notify the certificate holder about its cancellation.

7- Authorized Representative Signature

In the last section of this form, you must write the National producer number and get the signature of the applicant and the authorized representative with the date.

Tips for Verifying the Acord 25

1- Re-Check Dates and Limits

You must re-check the completed form to ensure that the dates and limits fulfill the policy coverage requirements.

2- Verify the Insurer’s Credentials

You must ensure that the insurance provider company is stable and has a valid license number to protect your liabilities for prolonged projects.

3- Record Maintenance

You must keep a copy of this form after submission to maintain the record, which may be required for future reference.