ACORD 27

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ACORD 27

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Insurance

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Datapoint

Description

This is some text inside of a div block.

Insured Information

Name and mailing address of the person or business covered by the policy.

Property Location

Physical address of the insured property or building.

Policy Information

Insurance company, policy number, effective and expiration dates.

Coverage Types

Types of perils covered (e.g., fire, theft, wind, vandalism).

Coverage Amounts

Dollar limits of coverage for building, personal property, or loss of use.

Deductibles

Out-of-pocket costs before insurance applies to a claim.

Lender or Certificate Holder

Entity requesting proof of insurance, typically a mortgagee or property manager.

Mortgagee Clause

Legal provision protecting the lender's interest in the insured property.

Loss Payee

Party entitled to payment in the event of a loss (if different from the insured).

Authorized Representative

Signature and title of the person verifying the coverage on behalf of the insurer.

The ACORD 27 form provides formal evidence of property insurance, most often used in real estate, leasing, and lending arrangements. Feathery’s AI extracts structured data such as insured information, property location, insurer identity, and policy effective/expiration dates. It also identifies coverage types, coverage amounts, and deductibles, giving lenders, landlords, and property managers a clear view of protection in force.

This template is particularly valuable for mortgagees, leasing companies, and property managers that require proof of insurance as part of loan or lease compliance. Automating ACORD 27 data extraction streamlines the verification process, reduces errors, and ensures faster turnaround for transactions. By surfacing details like mortgagee clauses, loss payees, and authorized representative signatures, stakeholders gain reliable confirmation of property coverage and underwriting terms.

Related templates

ACORD 25

ACORD 26

ACORD 28