ACORD 140
A standardized ACORD form used as a property insurance application section that captures building, location, and coverage details for commercial property underwriting.
The ACORD 140 property section application form documents the detailed building and location information needed to underwrite commercial property insurance. This includes construction type, square footage, occupancy, protection class, building values, and requested coverage forms and deductibles.
In COI compliance for commercial real estate, understanding the ACORD 140 provides context for the property coverage shown on ACORD 24 and ACORD 28 certificates. The building valuations, coverage forms (basic, broad, or special), and coinsurance percentages originate from this application.
Compliance teams reviewing tenant or vendor property certificates benefit from knowing that inadequate building descriptions on the ACORD 140 can lead to coverage limitations. When certificates show property values that appear insufficient relative to the actual exposure, the underlying application data may reveal valuation methodology issues that affect claims recovery.
See how Inori handles acord 140
Try our free COI checker first, or start a free trial of the full platform.