Prior costs
You can set the basis attribute of a cost to use prior costs. To
use prior costs, select the picker 
and choose Use Prior Costs.
Prior costs are the costs that are calculated before the current cost. Costs are calculated in the pricing order.
The Pricing screens display costs in increasing pricing order, starting with the first cost on the first coverage, and progressing until the final cost in Other Costs.
To change the pricing order on costs, select Up or
Down from the picker . To change the pricing order of coverages, select Up or
Down from the Actions drop-down list.
In the following example of pricing a cell phone risk object, the Loss of Phone Premium
coverage cost is first in the pricing order, followed by Loss of Phone Tax. Tax in
Other Costs is the highest in the pricing order.
| Cell Phone | |
|---|---|
| Coverage Costs Code |
Name |
| Loss of Phone | Loss of Phone Premium |
| Loss of Phone Tax | |
| Phone Damages | Damage Premium |
| Damage Tax | |
| Other Costs | Premium |
| Tax |
Coverage costs
For coverage costs, prior costs include:
- All costs on the current coverage with a lower pricing order
- All costs on coverages with a lower pricing order than the current coverage
Costs on risk object
For costs on the risk object (Other Costs), prior costs include:
- All costs with a lower pricing order on this risk object
- Costs for all coverages on this risk object
- All costs, including coverage costs, on child risk objects