Terms (location terms)

Validation rules for for Touchstone terms related to a location.

Project Data > Exposure Views > {Select an Exposure View} > Contract List > {Select a Contract} > Contract Details pane > Locations > {Select a Location} > Terms

Underwriting Contract Mode > Home tab > Contract List > {Select or Add a Contract} > Contract Details > Contract Details pane > Locations > {Select a Location > Terms

Note:

You can define multiple coverage term sets for a location, each one based on a unique combination of peril, limits, and deductibles. You can include a particular peril only once in the entire series of coverage term sets for a location.

When you use ImportExpress to import locations, you can define up to six coverage term sets for each location; this limit does not exist when you define coverage term sets for a location using the Touchstone user interface. When importing locations, you can define multiple coverage term sets for a location by appending a numeric suffix, such as "1" or "-1," at the end of each field in each term set. For example, to import a location with two coverage term sets, you can specify "LocPerils1" in the first coverage term set and "LocPerils2" in the second coverage term set.

You can add term sets from the Terms tab located at the bottom of the Locations tab. To add one or more term sets, open a contract, select the Terms tab and then click Add Term Set. Touchstone adds the term set columns at the far right of the tab. As you scroll, you will see the identifier for each set of terms: Term 2, Term 3, Term 4, Term 5, and Term 6. You cannot add a new term set if any location in the grid has six term sets. If, however, a location has less than six terms while another location in the same contract has six terms, you can add a new term set by clicking a location ID and manually adding terms in the Terms grid in the Location Details pane.

Field

Description

Validation Rules

Default Value

Perils

Perils that this location term covers.

See the list of valid peril codes.

To specify multiple perils in a single entry within an import file, separate the corresponding peril codes with a plus (+) symbol, such as, PWH+PES).

  • Defaults to a value.

  • At least one peril is required if you are creating a new record or editing an existing record.

  • Must be a subset of the contract peril setContract list.

  • If the location to which this location term applies belongs to a location group but is not the primary location within the location group, this field must contain a subset of the primary location perils.

All perils (PAL)

Limit Type

One of the following limit types for this location term:

  • C - Limit by Coverage Limit: Applies by coverage.

  • EE - Extra Expense: Used to handle Extra Expenses and Debris Removal in Japan. Use this option with any country or peril.

  • EF - Earthquake Fire Expense Insurance: When the peril is Fire Following Earthquake, apply the building limit (limit 1) to the combined Coverage A and Coverage C losses. Used to handle Earthquake Fire Expense Insurance (EFEI) in Japan. If you use this option with another peril code (for example, with PAL), Touchstone ignores the EF - Earthquake Fire Expense Insurance limit type and does not use any other limit type in its place.

  • N - No limit: None. See the layer record topic.

  • S - Site Combined Amount: Touchstone computes the limit by combining the limit amounts for all coverages and applying that total limit to the total loss from all coverages.

For information about the effect that each location limit type has on the related location fields, see Touchstone Limit Fields for Locations.

For a listing of the valid limit type combinations for locations, layers, and sublimits, see Limit Type Combinations.

  • Defaults to a value in the Touchstone user interface.

  • For workers' compensation policies, you must specify N - No limit.

  • If you specify N - No limit, you cannot specify location reinsurance for the location associated with this location term.

  • This field is case-sensitive for data import.

C - Limit by Coverage

Limit Building

Coverage A (building) limit for this location term

Note the following special cases:

  • For the fire following earthquake (PEF) peril, the Earthquake Fire Expense Insurance is included (if applicable) with losses limited by the amount specified in this field. Debris Removal and Extra Expense are automatically estimated for Japan Typhoon, and losses are limited by the amount that you specify for Limit Other (Coverage B [other structures], (limit 2).

  • If the limit type is EE - Extra Expense, this field represents the blanket limit on coverages A and C.

  • If there is no limit at the location level, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

For detailed information about the effects that each of the location limit types has on the building limit and other related location fields, see Touchstone Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Required if the limit type is one of the following:

    • C - Limit by Coverage

    • EE - Extra Expense

    • EF - Earthquake Fire Expense Insurance

    • S - Site Combined Amount

  • Must be blank (0) if the limit type is N - No Limit.

  • Must be blank (0) for workers' compensation policies.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

999999999999999

Limit Other

Coverage B (other structures) limit for this location term.

Note the following special cases:

  • If the limit type is EE - Extra Expense, this field represents the limit on Extra Expenses.

  • To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

  • This field is not applicable for the U.S. Hurricane Plate Glass Module.

For detailed information about the effects that each of the location limit types has on the Other Structures limit and other related location fields, see Touchstone Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Required if the limit type is one of the following:

    • C - Limit by Coverage

    • EE - Extra Expense

  • Must be blank (0) if the limit type is one of the following:

    • EF - Earthquake Fire Expense Insurance

    • S - Site Combined Amount

    • N - No Limit

  • Must be blank (0) for workers' compensation policies.

  • Must be blank (0) for the U.S. Hurricane Plate Glass Module.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

999999999999999

Limit Contents

Coverage C (contents) limit for this location term.

Depending upon the limit type, enter the actual value or the insurance-to-value assumption as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

Note the following special cases:

  • If the limit type is EE - Extra Expense, this field represents the Extra Expense percentage value applied to gross losses from coverages A and C.

  • To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

  • This field is not applicable for the U.S. Hurricane Plate Glass Module.

For detailed information about the effects that each of the location limit types has on the Contents limit and other related location fields, see Touchstone Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Requires a value of 0 or greater than 1 if the limit type is one of the following:

    • C - Limit by Coverage

    • EF - Earthquake Fire Expense Insurance

  • Requires a value of 0 or less than 1 if the limit type is EE - Extra Expense.

  • Must be blank (0) if the limit type is one of the following:

    • S - Site Combined Amount

    • N - No Limit

  • Must be blank (0) for workers' compensation policies.

  • Must be blank (0) for the U.S. Hurricane Plate Glass Module.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

999999999999999

Limit Time

Coverage D (time element) limit for this location term.

Note the following special cases:

  • To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

  • This field is not applicable for the U.S. Hurricane Plate Glass Module.

  • This field is not applicable if the limit type is EE - Extra Expense.

For detailed information about the effects that each of the location limit types has on the time element limit and other related location fields, see Limit fields for locations.

  • Defaults to a value in the Touchstone user interface.

  • Required if the limit type is C - Limit by Coverage.

  • Must be blank (0) if the limit type is one of the following:

    • EE - Extra Expense

    • EF - Earthquake Fire Expense Insurance

    • S - Site Combined Amount

    • N - No Limit

  • Must be a monetary value if the deductible type is Percent of Loss (PL).

  • Must be blank (0) for workers' compensation policies.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

999999999999999

Limit Physical Damage

Physical damage limit for this offshore location term.

To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

For detailed information about the effects that each of the location limit types has on the physical damage limit and other related location fields, see Touchstone Limit Fields for Locations.

  • Required if the limit type is one of the following:

    • C - Limit by Coverage

    • EE - Extra Expense

    • EF - Earthquake Fire Expense Insurance

    • S - Site Combined Amount

  • Must be blank (0) if the limit type is N - No Limit.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Limit Removal of Debris

Removal of debris limit for this offshore location term.

To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

For detailed information about the effects that each of the location limit types has on the removal of debris limit and other related location fields, see TouchstoneLimit Fields for Locations .

  • Required if the limit type is one of the following:

    • C - Limit by Coverage

    • EE - Extra Expense

  • Must be blank (0) if the limit type is one of the following:

    • EF - Earthquake Fire Expense Insurance

    • S - Site Combined Amount

    • N - No Limit

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Limit Operator's Extra Expense

Operator's extra expense limit for this offshore location term.

Depending upon the limit type, enter the actual value or the insurance-to-value assumption as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

For detailed information about the effects that each of the location limit types has on the operator's extra expense limit and other related location fields, see Limit Fields for Locations.

  • Requires a value of 0 or greater than 1 and less than or equal to 999999999999999 if the limit type is one of the following:

  • C - Limit by Coverage

  • EF - Earthquake Fire Expense Insurance

  • Must be blank (0) if the limit type is N - No Limit.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Limit Business Interruption

Business interruption limit for this offshore location term.

To indicate no limit, enter 0 for this field or make this field blank. Touchstone then limits losses only by the amount of the replacement value. Enter 0 in the Replacement Value field for policies that provide no coverage.

For detailed information about the effects that each of the location limit types has on the business interruption limit and other related location fields, see Limit Fields for Locations.

  • Required if the limit type is C - Limit by Coverage.

  • Must be blank (0) if the limit type is N - No Limit.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Participation 1

Use for Primary Property contracts and Certificate Participation (facultative).

Percentage of risk that the insurer covers for this location term.

Enter the percentage as a decimal greater than or equal to 0 and less than or equal to 999. For example, enter 0.12 for 12%, or enter 999.00 for 99,900%.

If the limit type on the layer record is a combined single limit (CSL100 - Combined Single Limit 100% participation or CSLAI - Combined Single Limit Assured Interest) and/or the limit type on the sublimit record is C100 - Limit by Coverage 100% Participation or CAI - Limit by Coverage with Assured Interest, this field represents the assured interest percentage, which Touchstone applies by conditioning the layer losses by a weighted average of the losses for each location in the subarea/policy.

For detailed information about the effects that each of the location limit types has on the participation 1 and other related location fields, see Touchstone Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Requires a value between 0.00 and 999.00, inclusive.

1

Participation 2

Use only for Primary Property contracts.

Percentage of risk that the insured owns (working interest) for this location term.

Enter the percentage as a decimal greater than or equal to 0 and less than or equal to 999. For example, enter 0.12 for 12%, or enter 999.00 for 99,900%.

When more than one entity shares in the ownership of the risk, this field represents the percentage of the risk that the insured party owns. This participation is also known as the working interest. Touchstone applies the Participation 2 percentage to the ground-up losses and then applies financial terms to the results. Those results then affect other loss perspectives, such as gross losses.

For detailed information about the effects that each of the location limit types has on the participation 2 and other related location fields, see Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Must be a numeric value between 0.00 and 999.00, inclusive.

1

Assured Interest

(Participation 1) Percentage of risk that the insurer covers for this offshore location term.

Enter the percentage as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%.

For detailed information about the effects that each of the location limit types has on the participation 2 and other related location fields, see Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Requires a value of 0 or less than 1 if the limit type is one of the following:

  • C - Limit by Coverage

  • EE - Extra Expense

  • EF - Earthquake Fire Expense Insurance

  • S - Site Combined Amount

  • Must be blank (0) if the limit type is N - No Limit.

  • Must be a numeric value between 0.00 and 1.00, inclusive.

Working Interest

(Participation 2) Percentage of risk that the insured owns for this offshore location term.

Enter the percentage as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%.

For detailed information about the effects that each of the location limit types has on the participation 2 and other related location fields, see Limit Fields for Locations.

  • Defaults to a value in the Touchstone user interface.

  • Requires a value of 0 or less than 1 if the limit type is one of the following:

    • C - Limit by Coverage

    • EE - Extra Expense

    • EF - Earthquake Fire Expense Insurance

    • S - Site Combined Amount

  • Must be blank (0) if the limit type is N - No Limit.

  • Must be a numeric value between 0.00 and 1.00, inclusive.

Deductible Type

One of the deductible types for this location term. See Deductible type for location term.

For detailed information about the effects that each of the location deductible types has on the related location fields, see Touchstone Deductible Fields for Locations.

For a listing of the valid deductible type combinations for locations, layers, and sublimits, see Deductible Type Combinations.

  • Defaults to a value in the Touchstone user interface

  • The Florida Annual Amount (AA) deductible type is only valid for location addresses in the United States (i.e., locations with the US country code).

  • Use the Deductible By Coverage (C) deductible type when coverage is provided for one coverage type (A, B, C, or D) or when a deductible applies to only one coverage type. For example, you should code renter's policies covering contents and additional living expenses as Deductible By Coverage (C) when the specified deductible applies only to the coverage C loss.

  • Must be No Deductible (NO) for workers' compensation policies

Deductible By Coverage (C)

Deductible Building

Coverage A (building) deductible (deductible 1) for this location term.

Enter the actual monetary value of the building or site deductible or the percentage to apply to the building limit (limit 1) as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%.

For the Percent of Loss (PL) deductible type, this field contains the percent of loss that Touchstone applies across loss from all coverages. In this case, you can only enter a deductible percentage in this deductible field.

For detailed information about the effects that each of the location deductible types has on the building deductible and other related location fields, see Touchstone Deductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Excluding Time (CB)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Franchise Deductible (FR)

    • Max of Deductible Amount or Percent Loss (ML)

  • Requires a value of 0 or less than 1 if the deductible type is one of the following:

    • Mini Policy Deductible (MP)

    • Percent of Loss (PL)

  • Must be blank (0) if the deductible type is No Deductible (NO).

  • For the Site Deductible (S) percentage deductible type, you must enter the percent deductible in all four deductible fields in order for Touchstone to apply this deductible. However, if you use a Site Combined Amount (S) limit type with any percent deductible for this location, enter the percent deductible in the Deductible Building field only.

  • Must be blank (0) for workers' compensation policies.

  • Must be blank (0) for the U.S. Hurricane Plate Glass Module.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Other

Coverage B (other structures) deductible (deductible 2) for this location term.

Enter the actual monetary value of the other structures deductible or the percentage to apply to the other structures limit (limit 2) as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

If the deductible type is Site Deductible (S), Deductible By Coverage (C), Combined - Including Time (CT), or Combined - Excluding Time (CB), this field represents the actual value of the other structures deductible or the percent that Touchstone applies to the other structures limit (limit 2).

If the deductible type is Max of Deductible Amount or Percent Loss (ML), this field represents the percent of loss deductible that Touchstone applies to losses combined for buildings, other structures, and contents.

This field is not applicable for the U.S. Hurricane Plate Glass Module.

For detailed information about the effects that each of the location deductible types has on the other structures deductible and other related location fields, see Touchstone Deductible fields for locationsDeductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Excluding Time (CB)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Franchise Deductible (FR)

  • Requires a value of 0 or less than 1 if the deductible type is one of the following:

    • Max of Deductible Amount or Percent Loss (ML)

    • Percent of Loss (PL)

  • Must be blank (0) if the deductible type is one of the following:

    • Mini Policy Deductible (MP)

    • No Deductible (NO)

  • For the Site Deductible (S) percentage deductible type, you must enter the percent deductible in all four deductible fields in order for Touchstone to apply this deductible. However, if you use a Site Combined Amount (S) limit type with any percent deductible for this location, enter the percent deductible in the Deductible Buildingfield only.

  • Must be blank (0) for workers' compensation policies.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Contents

Coverage C (contents) deductible (deductible 3) for this location term.

Enter the actual monetary value of the contents deductible or the percentage to apply to the contents limit (limit 3) as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

If the deductible type is Site Deductible (S), Deductible By Coverage (C), Combined - Including Time (CT), or Combined - Excluding Time (CB), this field represents the actual value of the contents deductible or the percent that Touchstone applies to the contents limit (limit 3).

This field is not applicable for the U.S. Hurricane Plate Glass Module.

For detailed information about the effects that each of the location deductible types has on the contents deductible and other related location fields, see Touchstone Deductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Excluding Time (CB)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is Franchise Deductible (FR).

  • Requires a value of 0 or less than 1 if the deductible type is Percent of Loss (PL).

  • Must be blank (0) if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Max of Deductible Amount or Percent Loss (ML)

    • Mini Policy Deductible (MP)

    • No Deductible (NO)

  • For the Site Deductible (S) percentage deductible type, you must enter the percent deductible in all four deductible fields in order for Touchstone to apply this deductible. However, if you use a Site Combined Amount (S) limit type with any percent deductible for this location, enter the percent deductible in the Deductible Building field only.

  • Must be blank (0) for workers' compensation policies.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Time

Coverage D (time element) deductible (deductible 4) for this location term.

Enter the actual monetary value of the time element deductible or the percentage to apply to the time element limit (limit 4) as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

For detailed information about the effects that each of the location deductible types has on the time element deductible and other related location fields, see Deductible fields for locationsDeductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is one of the following:

    • Franchise Deductible (FR)

    • Max of Deductible Amount or Percent Loss (ML)

  • Requires a value of 0 or less than 1 if the deductible type is Percent of Loss (PL).

  • Must be blank (0) if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Combined - Excluding Time (CB)

    • Mini Policy Deductible (MP)

    • No Deductible (NO)

  • For the Site Deductible (S) percentage deductible type, you must enter the percent deductible in all four deductible fields in order for Touchstone to apply this deductible. However, if you use a Site Combined Amount (S) limit type with any percent deductible for this location, enter the percent deductible in the Deductible Building field only.

  • Must be blank (0) for workers' compensation policies.

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Physical Damage

Physical damage deductible (deductible 1) for this offshore location term.

Enter the actual monetary value of the physical damage deductible or the percentage to apply to the Deductible Building limit as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

For the Percent of Loss (PL) deductible type, this field contains the percent of loss that Touchstone applies across loss from all coverages. In this case, you can only enter a deductible percentage in this deductible field.

For detailed information about the effects that each of the location deductible types has on the physical damage deductible and other related location fields, see Deductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Excluding Time (CB)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Franchise Deductible (FR)

    • Max of Deductible Amount or Percent Loss (ML)

  • Requires a value of 0 or less than 1 if the deductible type is one of the following:

    • Mini Policy Deductible (MP)

    • Percent of Loss (PL)

  • Must be blank (0) if the deductible type is No Deductible (NO).

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Removal of Debris

Removal of debris deductible (deductible 2) for this offshore location term.

Enter the actual monetary value of the other structures deductible or the percentage to apply to the Deductible Other limit (limit 2) as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

For detailed information about the effects that each of the location deductible types has on the removal of debris deductible and other related location fields, see Deductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Excluding Time (CB)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Franchise Deductible (FR)

  • Requires a value of 0 or less than 1 if the deductible type is one of the following:

    • Max of Deductible Amount or Percent Loss (ML)

    • Percent of Loss (PL)

  • Must be blank (0) if the deductible type is one of the following:

    • Mini Policy Deductible (MP)

    • No Deductible (NO)

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Operator's Extra Expense

Operator's extra expense deductible (deductible 3) for this offshore location term.

Enter the actual monetary value of the contents deductible or the percentage to apply to the Deductible Contents limit (limit 3) as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

For detailed information about the effects that each of the location deductible types has on the operator's extra expense deductible and other related location fields, see Deductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Excluding Time (CB)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is Franchise Deductible (FR)

  • Requires a value of 0 or less than 1 if the deductible type is Percent of Loss (PL)

  • Must be blank (0) if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Max of Deductible Amount or Percent Loss (ML)

    • Mini Policy Deductible (MP)

    • No Deductible (NO)

  • Must be a numeric value between 0 and 999999999999999, inclusive.

Deductible Business Interruption

Business interruption deductible (deductible 4) for this offshore location term.

Enter the actual monetary value of the time element deductible or the percentage to apply to the Deductible Time limit (limit 4) as a decimal greater than or equal to 0 and less than 1. For example, enter 0.12 for 12%.

For detailed information about the effects that each of the location deductible types has on the business interruption deductible and other related location fields, see Deductible Fields for Locations.

  • Required if the deductible type is one of the following:

    • Deductible By Coverage (C)

    • Combined - Including Time (CT)

    • Site Deductible (S)

  • Requires a value of 0 or greater than 1 if the deductible type is one of the following:

    • Franchise Deductible (FR)

    • Max of Deductible Amount or Percent Loss (ML)

  • Requires a value of 0 or less than 1 if the deductible type is Percent of Loss (PL).

  • Must be blank (0) if the deductible type is one of the following:

    • Florida Annual Amount (AA)

    • Combined - Excluding Time (CB)

    • Mini Policy Deductible (MP)

    • No Deductible (NO)

  • Must be a numeric value between 0 and 999999999999999, inclusive/