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14 FAQs Found Page 1 of 2
	When rating a Wind Only Commercial-Residential Condo or Apartment, why do I get an error message: "For first loss rating, the building amount of insurance must be less than 80% of the value"?
	I am trying to rate a Commercial Wind Only Builders Risk quote in TurboRater and I am getting the following error: " Combined coverage exceeds $1,000,000 Maximum Allowed for commercial policy forms". The limit of the building is $2,700,000. Per the manual, it states I may need to manually rate this with the First Loss rules. Is this correct? And what do I need to do to do this??
	Why am I getting this error on a Commercial Non-Residential Wind Only risk: "Building #1: Contents insured amount must be less than 80% of contents value"?
	I am trying to rate a BR but the bldg value is $1,100,000 and for the life of me it willl not rate it. It is saved under Leonard Street, LLC. I got a wrong quote due to I changed the value to $1,000,000. Help!!
	Will the program rate First Loss when quoting a Wind only Commercial Non Residential building exceeding $1,000,000 in value?
	Will the Turbo Storm rater for WIND ONLY rate a warehouse with a value of 1,321,000. I keep getting error Combined coverage exceeds $1,000,000 maximum. Thank you.
	I'm trying to rate a commercial non-residential wind policy with a Building Value of $1,158,800 and Building Amount of Insurance of $1,000,000 and get the following errors: 1. For first loss rating, the building amount of insurance must be less than 80% of the building value. 2. Building #1: Combined Coverage Exceeds $1,000,000 Maximum Allowed for commercial policy forms. ; If I reduce the Building Amount of Insurance to $927,040 I get the following error: Building #1: Amount of insurance must be at least $1,000,000 for first loss rating. How do I get around these errors?
	What is the minimum value the building needs to be to qualify for First Loss rating?
	How does the program determine First Loss rating?
	I am trying to rate non residential wind only. Bldg value, $1,500,000, Cnts Value of $74,700. I have entered insured limit of Bldg at $950,000 & cnts at $50,000. Why am I getting the error -"For first loss rating the building amount of insurance must be less than 80% of the value. $950,000 is definitely 80% less of $1,500,000.
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