Does the system automatically delete old rate releases, symbols, flex bands or loss costs?
No. You need to determine what should be deleted. As a general rule, delete old rate releases, flex bands and loss cost multipliers you won t need for endorsement processing and symbols over 15 years old. How to include replacement cost enhancement endorsements on an HO-A Because of the mold issue, the industry has begun using the HO-A form and filing enhancement endorsements to include replacement cost coverage for the Dwelling and/or Personal Property. Most companies are requiring 60% of the Dwelling amount as a minimum for replacement cost coverage on Personal Property (just like the HO-B). Pricing varies from company to company. Many are charging a percentage of the Basic premium. Since the standard HO-A policy does not allow Replacement Cost endorsements, we modified the HO-A rating in release 3.2B to accommodate the use of the replacement cost enhancement endorsements. Release 3.2B added a 60% Personal Property option for HO-A’s. Select this option if your company offers replacem
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- Does the system automatically delete old rate releases, symbols, flex bands or loss costs?
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