8/4/2023 0 Comments Accord insurance binder![]() ![]() Here is a link to a discussion of the difference between Claims Made and Occurrence. If this is an Occurrence policy, check the box to the left of that text. If this is a Claims Made policy check the box to the left of that text. How to Complete ACORD 75 Insurance BinderĬheck the check box to the left of the line "COMMERCIAL GENERAL LIABILITY" if that coverage is being provided under this binder. Enter the required co-insurance percentage under this policy. Include identifying address information.Įnter the dollar or percentage amount of any deductible which may apply.ĬOINS% - Co-insurance percentage. ![]() Type in the Subjects of Insurance being covered. Examples may be HO-3, Boiler & Machinery, Open Cargo - any other property coverage. These are mutually exclusive.įor other types of property coverage check one of the check boxes next to the blank CAUSES OF LOSS lines. Instructions for Coverage Section of ACORD 75Ĭheck the check box for either BASIC, BROAD or SPECIAL CAUSES OF LOSS. ![]()
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