Certificates

ACORD 28, Evidence of Commercial Property Insurance

Last updated: 2026-04-09

What is ACORD 28?

The ACORD 28 provides evidence of commercial property insurance to lenders, loss payees, and other interested parties. It is the commercial counterpart to the ACORD 27 and includes more detailed coverage information appropriate for commercial risks.

This form accommodates the complexity of commercial property coverage including multiple locations, building and contents breakdowns, business income coverage, and specialized endorsements.

When do brokers use ACORD 28?

Used for commercial property loans, commercial real estate transactions, and any situation where a commercial lender or loss payee needs proof of property coverage. More common in middle-market and large commercial accounts than the ACORD 27.

Key fields explained

Building/Location

Full address and description of each insured location.

Coverage Details

Building value, BPP value, business income limit, extra expense, and other time-element coverages.

Perils/Forms

Cause of loss form (basic, broad, special), wind/hail deductible, named storm deductible.

Loss Payee

Mortgagee name, clause type, and loan reference number.

Coinsurance

Coinsurance percentage or agreed amount/value reporting details.

Common mistakes to avoid

Mixing up ACORD 27 and 28, commercial risks need the 28

Not breaking out building vs contents values for multi-location risks

Omitting coinsurance clause details that affect claim settlement

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