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24 FAQs Found
Page 1 of 3
What coverage amounts are available and Loss settlements for the Commercial/Commercial Residential lines?
I have an ISO Loss Cost Report, what information do I use to enter into TurboStorm?
How do you know when you have to use specific loss cost and how do I get the loss cost factors?
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 do I need to do to order a loss cost report from ISO?
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"?
Where can I get the Specific loss cost?
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?
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