| Question / Issue |
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| Will the program rate First Loss when quoting a Wind only Commercial Non Residential building exceeding $1,000,000 in value? |
| Answer / Solution |
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- There is no one specific option for you to select to rate First Loss. However, there are a combination of entries.
- The program will automatically rate First Loss when the current replacement cost value exceeds $1,000,000:
- Enter the current replacement cost value of the building in the Building Value entry field.
- Enter $1,000,000 in the Building Amount of Insurance entry field.
- Whenever these 2 entry fields are not the same value, the program assumes First Loss rating.
- Once the values are entered, you will see the the Co-Insurance prompt change to read in red text: Co-insurance Not Applicable (First Loss)
- The Co-insurance entry field percentage will gray out.
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FAQ ID # 54
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