ACORD 146: Equipment Floater Section Explained

ACORD 146 is the Equipment Floater Section used to collect underwriting information for equipment that may move between storage locations and jobsites. It organizes equipment schedules, values, locations, storage details, operations, and additional interests for a commercial inland marine submission. It is an application section, not a policy or proof that listed equipment is covered.

The schedule deserves a line-by-line review. A missing serial number, stale value, or omitted item can change the insurer's understanding of the risk before a quote and can create a difficult coverage question after a loss.

What information does ACORD 146 collect?

Vertafore identifies ACORD 146 as the Equipment Floater Section within a commercial inland marine application.^[1] Its form map connects the section to named-insured and policy information, equipment storage, coverage entries, scheduled equipment, unscheduled equipment, additional interests, general information, and remarks.^[2]

The form may also need overflow pages. Vertafore documents a scheduled-equipment overflow when item-level information is present and an ACORD 45 overflow when additional interests exceed the main form's capacity.^[2] Review every attached page, not only the first section.

How should the equipment schedule be prepared?

Build the schedule from current records. For individually listed equipment, use a stable item description and available manufacturer, model, serial number, ownership, location, and value information. Remove disposed items only after confirming the requested effective date, and add newly purchased or leased equipment rather than assuming the insurer learns about it automatically.

Then reconcile the requested values with the insurer's valuation basis. Cost new, current market value, replacement cost, and actual cash value are not interchangeable. The application communicates facts and requested terms, while the issued policy determines how a covered loss would be valued.

Does ACORD 146 provide equipment coverage?

No. It supplies information for underwriting or policy administration. ACORD states that it is not an insurance company and does not provide coverage.^[3] The insurer's binder, declarations, equipment schedule, coverage forms, and endorsements determine whether an item is insured and subject to what limit or deductible.

Form availability also varies by agency system. Current AMS360 documentation still maps equipment-floater data to ACORD 146, while a Sagitta release note says ACORD 152 replaced ACORD 146 in that product's workflow.^[4] Use the current form requested by the insurer or licensed system rather than choosing an old edition from an unaffiliated download site.

Where can you get the official ACORD 146 form?

Eligible users can search for current forms through the logged-in ACORD Forms Portal.^[5] Businesses usually complete the section with an agent or broker who can confirm the insurer's required application and attach the right overflow schedules. This page does not reproduce ACORD's form or offer an unofficial blank copy.

The Bottom Line

ACORD 146 organizes the inventory and operating facts behind an equipment floater submission. Reconcile every item, value, location, and additional interest, then compare the insurer's final policy schedule with the application before relying on coverage.

This guide is for educational purposes and describes ACORD 146 in original language. Form numbers and titles are cited for identification only, and Menlo Insurance Services is not affiliated with ACORD Corporation. The insurer's binder, policy, schedules, and endorsements control.