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59 FAQs Found
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What is BCEGS and where would I look this number up?
Am I able to rate Commercial Non-Residential(Non-Habitational) Multi-Peril buildings in TurboStorm?
How do I rate a commercial building such as an office in the Wind Only program (What Policy type do I use)?
What does the Multi-Peril error message: " Bldg #1 - Invalid Group I and Calendar-year Group II deductible combination for Building value mean?
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"?
What are the maximum Eligible Replacement Cost Values per coverage type (Building, Contents,BI/EE) and what are the Maximum and Minimum Policy Limits?
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??
When inputting Mitigation Features, the 'year of construction' comes up. Would this be the year of the construction of the roof updates or the original year the building was built?
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"?
Is it possible to duplicate data from multi-peril rating into wind only rating? I have 64 buildings entered in MP rating. I now need to rate said buildings in wind only. I am searching for ability to copy all the building data into the wind program.
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