FAQ ID # 65

ItcDataServices.com

Last Update : 2009/09/03
Rating : Not Rated
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Question / Issue
Why does TurboStorm show and allow me to select separate deductibles in Wind Only for Commercial-Non Residential risks?

Answer / Solution

Commercial Non-Residential deductibles:

  1. TurboStorm Wind Only accomodates both Commercial-Residential and Commercial Non-Residential rating and uses the same quote entry screens.
  2. When you rate a Commercial Non-Residential risk by selecting "Other" Policy Type and No to the Commercial-Residential question, the program will automatically rate the risk with a single Hurricane, Other Wind and Hail deductible (shown on the Quote Breakdown screen simply as Deductible).
  3. The deductible options are 3% or 5% and will use what is selected in the Hurricane Deductible entry field 

Attachments
Commercial Non-Residential deductible quote sheet.pdf (28.0Kb)
Commercial Non-Residential deductible.pdf (29.6Kb)


Direct Link to This FAQ
http://www.itcdataservices.com/support/trfaq/?f=65

Tags
Hurricane Other wind and Hail single deductible
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