Covered objects
Coverables have the following characteristics:
- All covered objects are coverables.
- Some policy entities are not coverables.
- A coverable entity implements
the
CoverableDelegateinterface. - A
Coverabledelegate encapsulates coverage behavior.
The term coverable refers to any covered object. For example, insurance terminology refers to a covered object, such as a house, as a coverable.
- For liability, the insured is the coverable.
- For liability coverages, PolicyCenter designates the policy line as the coverable to represent the insured.
- For coverages that attach
at a location, the location is a coverable. Do not use
PolicyLocationas the coverable, but instead, create a separate coverable entity.
Other policy entities
Entities within a policy need not be coverables. For example, general liability stores rating basis information in location-based exposures. This exposure entity is not coverable. Scheduled equipment in the businessowners line is another example. To provide a coverage for set of scheduled items, attach a coverage to a building or location that contains an aggregate limit or deductible as a coverage term. Then create a scheduled item array on the building or location. You can use the stated values of scheduled items to determine a coverage limit. Unless you need separate declared limits or deductibles associated with each scheduled item, you need not attach a coverage to each item in the list. In cases where the set of scheduled items is covered by a single coverage limit, the scheduled item entity is not a coverable.