Homeowners cost data model

The following diagram shows entities related to costs, coverables, and coverages, and shows their relationships with other homeowners entities and with entities in base PolicyCenter.

The following diagram shows cost entities related to modifiers.

The following diagram shows cost entities related to scheduled items.

HOPCost

HOPCost is the super-type of all the cost entities in the homeowners line. HOPCost has an array of transaction (HOPTransaction) entities.

HOPCost rows include a type key for HOPPremiumType and Modification. These properties are distinctive for homeowners, particularly in the United States.

• HOPPremiumType – There are three premium types: Base Premium, Adjustment to Base Premium, and Other Premium. For United States markets, the base premium is calculated with the default coverage values for the given territory and jurisdiction. Then Adjustments to Base Premium are calculated for changes from the default, such as increased limits, changes in deductibles, among others. Other Premium is any other type of premium.
• Modification – It is a common practice in the United States to show the benefit of various policy discounts, such as multi-policy discounts or loyalty discounts. Therefore, the premium discount values (modifications) must be persisted in the cost rows. The undiscounted premium cost has a Modification set to Base, and the discounts are coded with Modification set to Modification.

HOPLineCovCost

HOPLineCovCost is a subtype of HOPCost for capturing line-level coverage costs.

Costs for scheduled items on the line can use HOPLineCovCost.

HOPDwellingCovCost

HOPDwellingCovCost is a subtype of HOPCost for capturing homeowners dwelling coverage costs. It is common that some rating for the dwelling is done by peril. To support this, HOPDwellingCovCost has subtypes for coverage costs that are rated by peril (HOPDwellingPerilCovCost) and non-peril rated items (HOPDwellingNonPerilCovCost).

Costs for scheduled items on the dwelling can use these cost subtypes.

Modifier costs

HOPLineModifierCost and HOPDwellingModifierCost are subtypes of HOPCost for capturing modifier costs.

Scheduled item costs

HOPCovPartSchCovItemCovCost, HOPLineSchCovItemCovCost, and HOPDwellSchCovItemCovCost are subtypes of HOPCost for capturing scheduled item costs.

HOPDwellSchPerilCovItemCovCost and HOPDwellSchNonPerilCovItemCovCost are subtypes of HOPDwellSchCovItemCovCost.