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Add Claim Loss Item Payments
Claims adjusters enter payment details when they intend to issue a payment for an item or injury involved in a claim.
Required Editions
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| User Permissions Needed | |
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| View user permissions. |
- From the App Launcher, find and select Claims.
- Select a claim from the list view.
- Navigate to the Claim Financials tab.
- Click the Losses tab.
- Select a coverage and click Add Loss Item .
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Enter the loss item details:
field Description Coverage The related open coverage. Description A brief description of the loss item. Payee The person who receives a payment. Currency ISO Code In orgs with multiple currencies enabled, the currency of the payment detail record. This currency applies to both the claim amount and the adjusted amount. Claimed Amount The claimed amount for this loss. When you press Tab to advance from Claim Amount to the next field, Vlocity calculates the Adjusted Amount, taking into account any deductibles or limits that apply to this loss. The Adjustment Reason field (read-only) describes why the adjustment occurred to the claim amount. Adjusted Amount The amount to pay when a payment is issued for the payment detail. Typically the adjusted amount is the claim amount minus any adjustments. Click Calculate. The system invokes the Calculate Adjustments API to automatically fill the final adjusted amount based on the configured logic and taking into account any deductibles or limits that apply to this loss. Adjustment Reason The Adjustment Reason field (read-only) describes why the adjustment occurred to the claim amount. - Save your changes.
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