Coverage term model types

You set the coverage term model type in Product Designer by expanding the Integration section on the Coverage Term home page. (after you select the coverage term). In the base application, every coverage term has one of the following possible model type values:

• Coinsurance
• Deductible
• Exclusion
• Limit
• Peril
• Other – Information about the coverage that is not a deductible, exclusion, limit, or coinsurance.

Each of these model types defines how the coverage term measures the coverage legally, and, how the rating engine uses the coverage term value.