Personal Property Policy

Personal property policies are defined as policies with:

•          Policy Type set to Primary Property (PP) or Facultative Property (FP)

•          One of the following occupancy codes:

•       301: Residential - General Residential

•       302: Residential - Permanent Dwelling: Single Family

•       303: Residential - Permanent Dwelling: Multiple Family

In addition to these occupancy codes, Data Quality Analysis considers tenant policies (locations with occupancy code 306: Residential - Apartment/Condo) to be personal property when one of the following conditions is met:

•          Line of Business (LOB) is similar to Tenant

•          Policy Form is similar to HO4 or HO6

•          Ratio of Replacement Value C (Contents) to Replacement Value A (Building) exceeds the ratio defined by the tenant definition in the Administration Console (Data Quality > Configure Tenant Definition).