Posted by JD Seller on June 26, 2018 at 13:51:32 from (208.126.197.230):
In Reply to: OT...semi insurance? posted by mmidlam on June 26, 2018 at 13:01:20:
ACORD INS is referring to the ratings on the semi policy.
"ACORD, the Association for Cooperative Operations Research and Development, is a non-profit organization that provides the global insurance industry with data standards."
I ran into this on some Brokered freight several years ago. The shipper was requiring an ACORD number on/from my policy. What I found out then was that number/rating is kind of like your credit score. The ACORD number tells an insurance company the risk of insuring you or your class of vehicle. I was told it is a world wide rating and is more common in the EU.
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