Add blanket coverages in commercial property

Procedure

  1. Navigate to the Blankets screen and click Add Blanket to display the Blanket Details screen.
    PolicyCenter provides an autonumber for the blanket.
  2. Enter an optional Description.
  3. Use the Blanket Type drop-down menu to apply blanket coverage. Choices are:
    • Single Location – Applies selected coverages to a single location which you specify in the Location field.
    • Multiple Locations – Applies selected coverages to multiple locations and buildings.
    • Single Coverage – Applies the same coverage across multiple locations and buildings. For example, you can select a single coverage of only Building Coverage, or only Business Personal Property Coverage. Select Direct Loss or Time Element from the Group Type drop-down menu. Then select a coverage from the Building Coverage drop-down menu.
  4. Use the Group Type drop-down menu select the blanket type. Choices are:
    • Direct Loss – Provides coverages for buildings. The direct loss coverages are:

      – Building Coverage

      – Business Personal Property Coverage

      – Business Personal Property - Separation of Coverage (Stock)

    • Time Element – Provides the following coverages:

      – Business Income Coverage

      – Extra Expense Coverage

      You define the Group Type choices in the product model in Studio.

  5. Specify Limit, Deductible, and Coinsurance percentages.
  6. Click Show Coverages to display the coverages in the blanket.
  7. Include or remove a coverage from the blanket by selecting the coverage and clicking Include Selected in Blanket or remove Selected from Blanket.
    All blankets must have at least two coverages.