Create policy coverage

Defines a coverage entry for the specified policy.

A policy coverage entry defines the scope of liability for losses of a particular type at the policy-level. Mulitple coverage entries may be defined for the same policy.

A policy coverage is defined by three required body parameters: lossType, peril, and label.

The required lossType parameter identifies the type of the losses that are covered by this policy coverage. One of Building, Contents, BI (business interruption), or Combined Cvg (combined coverage). Only one coverage entity of each lossType may be defined per policy.

The required label object maps peril values (e.g. EQ, WS) to lossType values (e.g. Contents, BI). Although the label parameter is an object that consists of three attributes (id, code, and name), you only need to specify an id value.

IDCodeName
1FRBuilding
2FRContents
3FRBI
4EQBuilding
5EQContents
6EQBI
7TRBuilding
8TRContents
9TRBI
10WSBuilding
11WSContents
12TOBuilding
13TOContents
17WSBI
18TOBI
22FLBuilding
23FLContents
24FLBI
25EQCombined Cvg
26WSCombined Cvg
27TOCombined Cvg
28FLCombined Cvg
29FRCombined Cvg
30TRCombined Cvg

The required label parameter defines a label that identifies the coverage within the policy.

Path Params
int32
required
≥ 1

ID of policy.

int64
required
≥ 1

ID of EDM.

Body Params
string
enum
required

Peril covered by policy coverage.

Allowed:
string
enum
required

Type of losses covered. Multiple loss types are not supported.

Allowed:
double

Premium amount.

double

Policy-level limit for total building, contents, or business interruption loss from all locations. Used in conjunction with a blanketLimit, policy-level limits are applied before the blanketLimit.

double

Deductible applied to lossType. A combined deductible applies to the sum of Building and Contents losses from all locations within the policy.

label
object
required

Maps peril values (e.g. EQ, WS) to lossType values (e.g. BI, Contents).

string
enum

ID of accumulation. One of Building, Content, BI.

Allowed:
boolean

Not used. Retained for legacy purposes.

To avoid potential issues, do not set as false unless instructed by Moody's RMS.

double

Deductible expressed as a percentage of loss for given coverage or combination of coverages. As the loss increases, the deductible amount increases. HD models only.

string
enum

If YES, deductible is franchise. If NO, deductible is conventional. HD models only.

Allowed:
Responses

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