The ACORD 140 form captures the core property underwriting details necessary for evaluating commercial insurance risks. Feathery’s AI extracts policy identifiers such as carrier, policy number, and effective date, as well as key coverage details including subject of insurance, amount insured, coinsurance percentages, and valuation methods. It also pulls risk-related data such as construction type, fire protection class, and safety features that directly impact underwriting decisions and premium calculations.
This template is well-suited for insurers, brokers, and underwriters managing commercial property portfolios. Automating ACORD 140 data extraction eliminates manual entry errors, ensures consistency in premium rating, and supports faster policy issuance. By structuring coverage, valuation, and risk factor data, organizations can streamline underwriting workflows, improve pricing accuracy, and maintain compliance with property insurance standards.