The ACORD 26 form functions as an insurance binder, serving as temporary evidence of coverage while a formal policy is being finalized. Feathery’s AI extracts structured details such as policy number, carrier, effective and expiration dates, and insured information. It also identifies additional interests tied to the policy, including their names, addresses, roles (e.g., lender, loss payee, additional insured), and the specific coverage impacted.
This template is particularly valuable for agents, brokers, and lenders who need immediate confirmation of coverage during underwriting or before contract closings. Automating ACORD 26 data extraction ensures accurate capture of binder terms, reduces processing delays, and provides clear visibility into temporary insurance arrangements. By surfacing interest details, coverage affected, and policy change indicators, stakeholders gain reliable proof of insurance status pending issuance of the final policy.