ACORD 28: Evidence of Commercial Property Insurance
ACORD 28 is Evidence of Commercial Property Insurance. It presents property, policy, coverage, and additional interest information in a format often requested in commercial property transactions.
What it is
ACORD 28 is Evidence of Commercial Property Insurance. It presents property, policy, coverage, and additional interest information in a format often requested in commercial property transactions.
Bring the declarations, property schedule, relevant coverage forms and endorsements, and the lender's checklist together. The useful review is whether each reported detail matches the policy and the correct building, not simply whether every box contains text.
When it's used
- A commercial property request specifically asks for ACORD 28.
- A lender needs evidence for a particular building or financed property.
- Renewed or changed property insurance needs a reviewed evidence document.
Section-by-section walkthrough
Producer
Your agency's name, address, and contact information.
Review check: Use current producer details.
Insured
The legal named insured, exactly as the policy declarations read.
Review check: Resolve the policy and loan entity names.
Policy information
Policy number, policy type, and effective and expiration dates, including whether coverage continues until terminated.
Review check: Confirm the policy number and term.
Property information
The location and what is covered there: building, business personal property, or both, with a description.
Review check: Identify each relevant building and covered property.
Coverage information
The detail lenders scrutinize: causes of loss form, limits, deductible, coinsurance percentage, valuation method, and business income or rental value coverage.
Review check: Verify each coverage selection against the policy.
Remarks
Endorsements and conditions the standard boxes miss.
Review check: Avoid unsupported coverage promises in remarks.
Additional interest
The requesting party and their designation: mortgagee, lender's loss payable, or contract of sale, with the loan number.
Review check: Confirm the interest designation and loan reference.
Cancellation
The form's standard notice language. Notice rights come from the policy and its endorsements.
Review check: Keep cancellation wording supported by the policy.
Authorized representative
Signature of a person authorized to issue the evidence.
Review check: Confirm issuance authority.
In Relay
Relay can prepare supported ACORD drafts from the documents you provide. This reference guide explains ACORD 28; 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
- Using the lender's requested terms as if they were policy terms.
- Mixing building values across locations.
- Selecting an interest designation without checking its policy support.
Common questions
Why might a lender request ACORD 28?
The form provides commercial property information such as coverage basis, valuation, deductibles, and additional interests. Confirm the actual request rather than assuming every lender needs the same document.
What should we review beyond the declarations?
Check the coverage forms and endorsements relevant to the requested detail. Record an unanswered question when the supplied sources do not establish a coverage basis, condition, or interest.
Related forms
Form references
- ACORD Forms Portal: current forms and authorized access
- ACORD-authored Forms Index, May 2024 (historical form names)
- New York DFS: certificates do not alter policy terms
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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