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15 FAQs Found
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What coverage amounts are available and Loss settlements for the Commercial/Commercial Residential lines?
Is Computer Hardware covered under the BPP?
Can terrorism be rejected on Multi Peril policies?
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??
Can Business Income and Extra Expense be written as a stand-alone coverage?
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 coverages does the Commercial Residential/Non-Residential program through Citizens include?
Why does Turbo Rater Worksheet list under "Policy Totals Breakdown" Pers Prop & Theft. This is a Basic Peril Policy, why would it list "Theft" as a coverage? Thanks!
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