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Insurance Contract Template

From Finance Interactive Wiki
Revision as of 13:21, 22 March 2025 by Rbazaes (talk | contribs) (Created page with "== Description == This panel allows you to create a new contract or edit an already existing one. It consists of the following fields: * '''Name:''' Each contract must have a unique (case sensitive) name. So a contract name "contract" and another one called "Contract" is fine. * '''Line of business:''' Choose one of the following lines of business: Motor (default value), Property. * '''Type of contract:''' Choose of the following Type...")
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Description

This panel allows you to create a new contract or edit an already existing one. It consists of the following fields:

  • Name: Each contract must have a unique (case sensitive) name. So a contract name "contract" and another one called "Contract" is fine.
  • Line of business: Choose one of the following lines of business: Motor (default value), Property.
  • Type of contract: Choose of the following types of contracts:
    • Motor: Own motor damage (default value), Third-party liability.
    • Property: Fire (default value).
  • Policy term: Fixed at 12 months.
  • Deductible (if any): some contracts can include a deductible. Choose a positive number.
  • Cover: some contracts have automatic covers set to Actual Cash Value. This means that the cover (and thus the price of the contract) is dependent on the value of the object to be insured. For example, an Own Motor Damage type of contract covers the value of the vehicle in question. Other contracts have fixed covers which must be a positive number.
  • Profit factor:

Strategy tips (optional)

If applicable

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