ACORD 27 — Evidence of Property Insurance
What is ACORD 27?
The ACORD 27 provides evidence of property insurance coverage to interested third parties, typically mortgage lenders or loss payees. It is the property equivalent of the ACORD 25 for liability — a snapshot showing that coverage exists without modifying the policy.
Lenders require this form to confirm their financial interest is protected. The form includes the loss payee clause details and the specific property covered.
When do brokers use ACORD 27?
Issued whenever a lender, mortgagee, or loss payee requires proof of property coverage. Most commonly used for residential and small commercial properties with mortgage financing. Also used when landlords require tenants to show contents/improvements coverage.
Key fields explained
Property Information
Location address and description of the insured property.
Coverage
Perils insured against, deductible amount, and coverage amount.
Mortgagee/Loss Payee
Lender name, loan number, and loss payee clause type (standard vs open).
Policy Details
Policy number, carrier, effective and expiration dates.
Common mistakes to avoid
Incorrect loan number or mortgagee clause — lender will reject and require reissuance
Using ACORD 27 when ACORD 28 is required for commercial properties
Not including the correct loss payee clause language specified by the lender
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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