FAQ ID # 108 - How do you know when you have to use specific loss cost and how do I get the loss cost factors?

FAQ ID # 108

Last Update : 2009/09/03
Rating : Not Rated

Question / Issue

How do you know when you have to use specific loss cost and how do I get the loss cost factors?

Answer / Solution

Specific Loss Cost Rates:

If the previous policy was written with a specific rate (check the previous policy or rating worksheet).
If there have been previous losses on the building.
You would need to call ISO for the specific loss cost rate.
Some of the CSP codes are designated by ISO to be specifically rated. You will get a rating message in TurboStorm if you choose one of those codes inidcated in the ISO manual.
See the attached help document we sent out to all users. The phone number to ISO is included

Direct Link to This FAQ

http://www.itcdataservices.com/support/trfaq/?f=108

Tags

Specific loss cost rate