ACORD 45: Additional Interest Explained

ACORD 45 is an Additional Interest schedule used when an insurance application needs more room to identify parties connected to a policy, location, vehicle, or scheduled item. It records names, addresses, interest types, and references used in underwriting and policy preparation. Listing a party on ACORD 45 does not by itself make that party an additional insured, loss payee, or mortgagee under the issued policy.

When is ACORD 45 used?

The form commonly works as an overflow schedule. Vertafore explains that its commercial property workflow creates ACORD 45 when a location and building combination has more additional interests than ACORD 140 can accommodate.^[1] Its workers compensation workflow also creates ACORD 45 when policy data includes additional interests.^[2] Other commercial lines can use the schedule in similar circumstances.

What should you review on the form?

Check the interested party's exact legal name, mailing address, role, and any loan, lease, contract, location, or item reference. A lender attached to the wrong building or a lessor attached to the wrong equipment schedule can cause avoidable corrections. Reconcile the entry with the contract or lender instructions, but do not assume every requested label is available or appropriate under the policy.

Does ACORD 45 grant additional insured status?

No. The form records an application request or policy data. It does not amend the insurance contract. Additional insured status normally must appear in the policy wording or an endorsement. A mortgagee or loss payee interest also depends on the applicable policy provision or endorsement. After binding, compare the declarations and endorsements with the request instead of treating the application schedule as proof.

Is ACORD 45 the same as a certificate?

No. It is part of an application or policy servicing workflow, while a certificate summarizes issued policies for a certificate holder. Neither document creates coverage on its own. If another party needs evidence, ask which certificate and endorsements the contract requires.

Where can you obtain the form?

Eligible users can obtain current versions through ACORD's Forms Portal.^[3] The agency or insurer should provide the edition suited to the line and transaction.

The Bottom Line

ACORD 45 organizes additional interest details that do not fit on the main application. Verify the legal name, role, and connected property or operation. Use the issued policy and endorsements, not this schedule, to confirm rights.

This guide is educational and describes ACORD 45 in original language. Menlo Insurance Services is not affiliated with ACORD Corporation. The insurer's documents control.