A location is a property, building, business, or other asset that may be damaged by catastrophe events. When location coverage is applied to a location, that location is known as a location exposure.
Every location is defined by a set of location attributes (for example, property
, address
, postalCode
) and optional building attributes, reinsurance cessions, peril attributes (earthquakes, floods, fires, etc.), and other attributes.
Location
├── property * {...}
├── address * {...}
├── biDetail {...}
├── eqDetail {...}
├── wsDetail {...}
├── toDetail {...}
├── flDetail {...}
├── frDetail {...}
├── trDetail {...}
├── buildingAttribute {...}
├── coverages [...]
├── reinsuranceCessions [...]
├── wcDetails [...]
├── currency
├── tiv number
├── riskAssessorCurves
├── locationConditions [...]
├── esdbBuildingAttribute
└── maxCvgBldgValuation
Location coverage (coverages
) defines the liability of the underwriter for damages to entities (buildings, building contents, businesses) at a specific location due to catastrophe events. A location is generally tied to a specific account, which identifies the relevant cedants, underwriters, and policies.