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The 27(2009/12) has typically been used for residential property or small commercial properties, while the 28 (2011/11) has typically been used for larger commercial properties.
This form provides a coverage statement for mortgagees, additional insureds, and loss payees who provide mortgages or loans on real property or business personal property insured under a commercial insurance policy and are named in the policy.
The 27 form is more commonly knowns as the Evidence of Property Insurance. It is a single-page form used to provide proof of property coverage to another party who has interest in a residential property, commercial property and/or the contents of the property.
For residential properties and small commercial properties, evidence of insurance is conveyed using an insurance form called 27. This form can also include mortgage information. Another form, called 28, is used for evidence of insurance for large commercial properties.