Check your work

Before you begin

Before you begin, you must complete Add a currency to a coverage.

Procedure

  1. Log in to PolicyCenter as a producer such as aapplegate.
  2. Go to the Wright Construction account.
  3. Create a Commercial Property submission.
  4. On the Policy Info screen, verify that USD and EUR appear in the Preferred Currency > Coverage drop-down list and select EUR.
    The preferred coverage currency will be the default currency for coverables on the policy.
  5. Advance to the Buildings and Locations screen.
  6. Add a building to the primary location and fill in any required fields on the Building Information screen.
    Verify that the Coverages in drop-down list includes USD and EUR, and the preferred coverage currency, EUR, is selected.
  7. Fill in required fields on the Details tab.
  8. Go to the Coverages tab.
    Notice that the Limit is set to the default value for EUR. The Deductible drop-down list contains the EUR options you defined in Product Designer.
  9. Deselect all coverages except for Building Coverage.
  10. Advance to the Policy Review screen.
    Notice that for the building, the Coverages in are in euros.
  11. Quote the policy.
    The quote is in U.S. dollars because that is the settlement currency.