ACORD 139: Statement of Values
ACORD 139 is the Statement / Schedule of Values. It organizes property locations and reported values for a commercial property submission.
What it is
ACORD 139 is the Statement / Schedule of Values. It organizes property locations and reported values for a commercial property submission.
Start with a current location and building list. Separate the categories of value requested by the market, preserve the valuation basis and date, and reconcile the schedule totals with the property application.
When it's used
- A commercial property market requests a schedule of values.
- Several buildings or locations need a consistent value schedule.
- Renovations, purchases, or occupancy changes require updated values.
Section-by-section walkthrough
Policy and insured information
Agency, carrier, policy number, the named insured, effective date, and the insured's headquarters address.
Review check: Match the insured and policy references.
Rating basis
The rating basis requested by the market for the property program.
Review check: Confirm the requested rating basis.
Location schedule
A description and address for each location. The description should identify the building: what it is, what happens in it.
Review check: Identify each building distinctly.
Values by location
Reported values by location, building, and category, with the relevant basis and date.
Review check: Use current, supported values.
Exclusion indicators
Notations for exclusions that affect the rate at a location, such as sprinkler leakage or vandalism exclusions.
Review check: Confirm any applicable exclusion notation.
Applicable forms and attachments
The form numbers of completed forms and endorsements that affect rates or loss costs, plus specific rate or loss cost information for specifically rated property if known.
Review check: Include the referenced attachments.
Totals
The schedule totals, reconciled with the requested program and property application.
Review check: Reconcile totals and intended limits.
Insured signature
The insured's signature, title, and date under the statement that all values and location information are correct to the best of their knowledge and belief.
Review check: Obtain the signature required by the process.
In Relay
Relay can prepare supported ACORD drafts from the documents you provide. This reference guide explains ACORD 139; it is not a promise that this form or edition is available in your workspace. Check the supported form, then review the fields and missing answers before use. See how →
Common errors
- Combining several buildings without identifiable entries.
- Rolling prior values forward without client confirmation.
- Confusing reported values with the final coverage limit.
Common questions
Is the schedule total automatically the policy limit?
No. The requested and issued program determines the limits and how they apply. Reconcile the values with the property application and market's instructions.
What should accompany each value?
Identify the location and building, category, valuation basis, source, and relevant date. Keep any estimate or unresolved value visible for review.
Form references
- ACORD Forms Portal: current forms and authorized access
- ACORD-authored Forms Index, May 2024 (historical form names)
Confirm the form edition and requirements with the market receiving the submission.
Part of the Relay ACORD form library. Updated 2026-07-11. See how we source content.
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