ACORD 24, Certificate of Property Insurance
What is ACORD 24?
The ACORD 24 is used to provide evidence of property insurance to third parties other than lenders, typically landlords, contractors, or contractual partners who need proof of property coverage but do not have a mortgage interest.
While the ACORD 27/28 serve lenders specifically (with loss payee clauses), the ACORD 24 serves a broader audience needing property coverage verification.
When do brokers use ACORD 24?
Issued when a landlord requires proof of tenant property coverage, when a joint venture partner needs property coverage verification, or when contractual requirements call for property coverage evidence without a lending relationship.
Key fields explained
Property Description
Location and type of property insured.
Coverage Amount
Total insured values for building and/or contents.
Covered Perils
Cause of loss form and any exclusions.
Certificate Holder
The requesting party's name and address.
Common mistakes to avoid
Using ACORD 24 when a lender needs an ACORD 27 or 28 with loss payee language
Not specifying whether coverage is replacement cost or actual cash value
Omitting additional interest or loss payee details when contractually required
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Related ACORD forms
Download the official form
Official ACORD forms are available from ACORD.org. This page explains how to complete the form, visit ACORD for the actual document.
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