ACORD Forms
ACORD 45: Additional Interest Schedule
The ACORD 45 is the Additional Interest Schedule. It lists the parties with a financial stake in insured property who need to be attached to the policy: mortgagees, lienholders, loss payees, lessors, additional insureds. Each interest ties to a specific item, whether that is a vehicle, a boat, or a building.
What it is
The ACORD 45 is the Additional Interest Schedule. It lists the parties with a financial stake in insured property who need to be attached to the policy: mortgagees, lienholders, loss payees, lessors, additional insureds. Each interest ties to a specific item, whether that is a vehicle, a boat, or a building.
It exists because applications run out of interest fields and lenders never run out of requirements. Auto loans, equipment leases, mortgages: whoever financed the thing wants to be named correctly and notified if the coverage goes away.
When it's used
- Adding lenders, lessors, and other interested parties at new business when the application's own fields are full or missing.
- Mid-term interest additions and corrections, often alongside a policy change request.
- Personal and commercial lines both. The schedule ties each interest to the boat, vehicle, or building it actually concerns.
Section-by-section walkthrough
Agency and carrier information
Your agency, the carrier, and the codes that route the schedule to the right place.
Policy identification
The policy number, effective and expiration dates, and the named insured exactly as the policy reads.
Watch for: No policy number on a mid-term add. The carrier cannot attach an interest to a policy it cannot find.
Item identification
Which insured item the interest attaches to: a vehicle, a boat, a building, or another scheduled item, identified well enough to be unambiguous.
Watch for: An interest floating on the policy with no item. A lienholder on the account means nothing; a lienholder on the financed truck means everything.
Nature of the interest
The relationship, picked from the types the schedule supports: mortgagee, lienholder, loss payee, additional insured, lessor, and others. The loan or lease contract says which one applies.
Watch for: Checking additional insured because the lender's letter sounded important. A loss payee gets paid on a loss; an additional insured gets rights under the policy. They are not interchangeable.
Interest name and address
The interested party's legal name and mailing address exactly as the financing documents state them, which is often a servicing address, not a branch.
Watch for: Shorthand names. The entity on the lien is rarely the brand on the sign.
Loan and reference numbers
The loan, lease, or account number the interested party uses to track the coverage.
Watch for: Leaving them off. Lenders match insurance confirmations to loans by number, and unmatched paperwork turns into follow-up letters to your client.
In Relay
ACORD Generation is live in Relay. It drafts the ACORD 45 from the client record and the documents you already have, and a person reviews every field before anything goes out. See how →
Common errors
- Interest type that does not match the contract: loss payees marked as additional insureds and vice versa.
- Interests listed without the item they attach to.
- Lender names and addresses that do not match the loss payable or lienholder clause in the financing documents.
- Missing loan numbers, so the lender's tracking never reconciles.
- Old interests left on the policy years after the loan was paid off, still collecting notices.
Common questions
What is the difference between an additional interest and an additional insured?
An additional interest is notified about the policy: cancellations, changes, lapses. An additional insured has rights under the policy itself. The ACORD 45 can designate either, which is exactly why the checkbox matters.
When do I use the ACORD 45 instead of the fields on the application?
When the application's interest fields run out, or when the transaction is only about the interest, like adding a lender mid-term without touching anything else.
Can Relay draft an ACORD 45?
Yes. ACORD Generation is live in Relay. It drafts the schedule from the client record, pulling lender detail from documents you already have, and a person reviews it before it goes out.
Related forms
Part of the Relay ACORD form library. Updated 2026-07-11. See how we source content.
Get started
Get on the Summer ’26 list.
Spring ’26 is full. Get on the Summer ’26 list and we will be in touch as spots open.