6 FAQs Found Page
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What are the maximum Eligible Replacement Cost Values per coverage type (Building, Contents,BI/EE) and what are the Maximum and Minimum Policy Limits? |
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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?? |
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Trying to rate a Builders Risk for a single family dwelling. Completed Value form at 100% coinsurance. When entered it says error exceeding the $1,000,000. building limit for commercial
policy forms but since its a single family dwelling it should be eligible. How do I get a rate for this using BR-A rate table?? |
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What is the max limit available for "Builders Risk Wind Only" Policy for Residental Condo |
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When rating dwelling under construction, I have to use the commercial form, but system only lets me use limit of up to $1,000,000. I know values can be issued higher, how do I get around this in system? |
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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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