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5 FAQs Found Page 1 of 1
	What coverage amounts are available and Loss settlements for the Commercial/Commercial Residential lines?
	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"?
	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'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?
	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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