About the Contract Details Pane

Contract Details pane.

The top half of the Contract Details pane displays a subset of the columns available in the Column Chooser . The pane also includes information about the line of business and the policy form. You can specify the name of the producer, and you can select another currency to use as the default if you are going to add new exposures (locations) to the contract.

The lower half of the pane may include four tabs. The first time you open this pane, Touchstone displays a set of default columns in the Locations and Layers grids. The Column Chooser enables you to select the columns that you want to include in the grids.

When you highlight a contract in the grid, the row is highlighted in green. You can edit most of the fields in the grid; when you click in a field that can be edited, the green highlighting disappears. Fields marked with a red asterisk (*) in the grid are required fields, that is, you must enter information in the field when you add a new location.

Locations tab

This tab enables you to open a location record by clicking the hyperlinked location ID. After opening the location record, you can view location details, terms, and reinsurance data for the location. Each tab includes its own Column Chooser.

You can copy location terms along with location exposure data from a spreadsheet and paste them (up to 200 records) into the Locations grid. The first time you copy location records from a spreadsheet include the headers in the copy. Then right-click in the grid and select Paste; the Paste Records dialog box opens. Select the delimiter type and then select the date format. Click Append New Records; when the Location Field Mapping window opens, map the required fields, select the defaults, and then click Apply. You can replace existing location records by selecting the row or rows that you want to replace before you paste the copied data.

Refer to the Location Contract Fields topic for information about location contract fields.

Layers tab

This tab enables you to open a layer record, which provides summary information about layers and about sublimits associated with the layers. You can add and delete layers and sublimits. You can also view reinsurance associated with a layer by clicking the value in the Reinsurance Count column; the Reinsurance tab then opens where you can also add reinsurance to the layer. You can copy layers and sublimits from a spreadsheet and paste them into this grid. To do this, copy the records from a spreadsheet, right-click in the white area of the grid, and then click Paste.

When copying and pasting into the Layers grid, note the following requirements:

The order of the columns in the spreadsheet must match the order of the columns in the grid.
When you copy sublimit rows, there must be an associated parent layer. For example, if you copy a sublimit with layer ID "6", there must be a layer with layer ID "6" in the grid.
A layer requires at least one peril. If you try to remove the only peril from a layer, Touchstone automatically defaults to the Earthquake peril for that layer.

If a layer includes one or more sublimits, use the triangle in the leftmost column to expand or collapse the layer record.

Use the cell in the second column to select a row. After you select the row, a right-pointing triangle appears in the column and the entire row is highlighted in green.

Refer to the Layers topic for information about layers.

Step Function tab

Touchstone supports the step function record only for primary property policies, not for facultative or workers' compensation policies.You can use the record to implement single-location residential endowment policies in Japan. AIR developed this record to support the multi-step structure of Japanese earthquake policies. Rather than paying out a continuous amount for any damages that occur at a location, policies with step functions define ranges where any damages that fall between "x" and "y" will be paid out at a certain amount. You can also use step functions for any region, peril, or line of business. The record contains fields that detail the damage ratios in each of the steps that dictate when certain coverage-specific payouts are made.

Selecting a trigger type indicates how, and for which coverages, payouts are triggered.

Refer to the Step Function topic for information about each of the trigger types.


Trigger Type	Description
Building	Building and contents payouts are based only on building damage.
Contents	Building and contents payouts are based only on contents damage.
Building and Contents	Payout is based on combined building and contents damage.
Building, then Contents	Payout is based on building damage if the loss is greater than or equal to the building trigger. Otherwise, if contents damage is triggered, payout is based on contents damage.
Building, Contents separately	Building payout is based on building damage and contents payout is based on contents damage.

Note:

If you change the trigger type, the system warns you that you will delete all the steps. You can then click OK to proceed or click Cancel. If you click OK and then change your mind, click to return to the contract list. When the system asks whether to save the changes to the contract, click No; however, be aware that the system will then not save any changes you made in the Contract Details pane.

Map tab

The map displays the locations in the contract. When you click a location on the map, the system displays location information, including: location, insured, and contract name; address and geocode information; construction and occupancy code, year built, number of stories, and replacement values. You can copy the data to the Clipboard by clicking the Clipboard icon in the upper right corner of the information window.