Coverages are
the financial building blocks of a claim. After a claim coverage is opened, claims adjusters can
track losses, payments, and expenses for that open coverage.
On a claim, click the Financials tab, and then click
Open Coverage.
Enter coverage details.
Claimant
The person making this claim coverage.
Involved Item
The property or person this claim coverage is about.
Insured Item
An item that's insured for this loss.
Coverage
A policy coverage that is associated with the insured item.
Currency
In orgs with multiple currencies and advanced currency management enabled,
the currency of the loss reserve amount.
Loss Reserve
The total loss reserve amount to be set for this claim coverage.
Expense Reserve
The
total expense reserve amount to be set for this claim coverage.
Click Open.
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