The ACORD 28 is the standardized form used to provide evidence of commercial property insurance, including builders risk coverage. While the ACORD 25 covers liability insurance, the ACORD 28 specifically documents property coverage for buildings, equipment, and business personal property. Lenders, landlords, and project owners commonly request an ACORD 28 when they need proof that a physical asset is insured.
For roofing contractors, the ACORD 28 is most relevant in two scenarios. First, if you own or lease your office, warehouse, or shop, your landlord or mortgage lender may require an ACORD 28 showing your commercial property coverage with them listed as a loss payee or mortgagee. Second, on construction projects where you carry the builders risk policy, the GC or project owner may request an ACORD 28 as evidence that the structure under construction is covered.
The ACORD 28 includes the property location, coverage amount, deductible, covered perils (named perils or special/all-risk form), and any loss payee or additional interest information. Unlike the ACORD 25 which deals with liability, the ACORD 28 addresses first-party property coverage. If a GC asks you for "evidence of property insurance" or "builders risk certificate," they are typically looking for an ACORD 28. Make sure the form accurately reflects your property coverage limits and that any required loss payees are correctly listed to avoid financing or contract compliance issues.