In one sentence
The standard evidence of commercial property insurance, showing property coverage and lender interests.
The longer version
The ACORD 28 evidences property coverage and reflects the lender's mortgagee and loss-payable status. Together with the ACORD 25 for liability, it forms the core of insurance evidence at closing.
Property coverage adequacy, replacement cost, and the correct lender clauses are what review confirms here.
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