ACORD 152, Commercial Inland Marine Section, is used to collect underwriting and rating information for equipment schedules and other inland marine classes that do not have an associated ACORD form. This form was designed to be used in conjunction with ACORD 125, Commercial Insurance Application – Applicant Information Section.

Enter Agency Name, Carrier Name, Policy Number, Effective Date and Name of Insured(s).

Use this section to provide a summary of the items to be covered by class. Include location number, building number, class codes, description, # of items, valuation, maximum item limit and coinsurance %.

Use this section to provide coverages/causes of loss desired for each class listed in the summary section above. Include coverage code, description, limit, deductible, deductible type (flat or percentage), and coinsurance percentage.

Use this section to provide information on equipment storage. Provide the location number, building number, the number of months the equipment is kept in storage, maximum value of all items stored in a building and maximum value of all items stored outside and and a description of the kind of security employed by the applicant at each location. Such as guards, alarms, fences, etc.

Answer the General Information questions. Explain all Yes responses.

Check the box for the applicable type of additional interest. Provide the name and address of the additional interest. Check the box if the additional interest requires a Certificate of Insurance. Indicate the location, builidng, schedule, item number and item description for the item for which the additional interest applies.

Enter general remarks associated with the commercial inland marine line of business. Use this section to provide any additional information required for underwriting or rating

Use this section to provide a detailed description of each scheduled item. Include the item description, manufacturer, model, year, serial number, value, amount of insurance, valuation date, purchase date, is item owned or leased, is item new or used, and coinsurance % if applicable.

Producer and applicant signatures are required along with the producer name. state licensed and date.