A line item is an individual item on a policy. Each line item has two or three sections:
- Setup
- Rating (if the line item has a limit or rate)
- Supplemental Questions
Line item types
In the Lines module, you can create six types of line items:
- Coverage
- Adjustment
- Non-Rate
- Fee
- Calculation
- Dividend
Note: Only coverage and calculation line items appear in the Coverage step of the Auto Quote Wizard.
Coverage
A coverage line item is simply a type of insurance coverage.
- Coverage
- Coverage A
- Coverage B
- Equipment Breakdown
- Spoilage
Adjustment
An adjustment line item is an endorsement that alters premium that a claim is never filed against. You can use an adjustment if a policy type is eligible for a discount or a surcharge. Examples:
- Solid Fuel Surcharge
- New Home Discount
- Central Fire Credit
- Accessibility Surcharge
- Roof Surcharge
- Swimming Pool Surcharge
- Minimum Premium Adjustment
Non-Rate
A non-rate line item is a non-premium-bearing endorsement or exclusion that doesn’t require limits or a rate but may need to appear on a deliverable, specifically the Declaration. Examples:
- Underwriting Questionnaire for Quoting
- Additional Insured
- Cosmetic Damage to Metal Exclusion
- Fungi/Mold Limited Coverage
Fee
A fee line item is any item with a dollar amount to be reported. Examples:
- Policy Fee
- New York State Fire Fee
Calculation
A calculation line item is a tool for calculating complex, multi-step rates that must be reported separately. Calculation line items typically aren’t displayed on the Declaration, but they can be. Examples:
- Coverage A Fire Premium
- Coverage A EC Premium
Dividend
A dividend line item is used for the specific case where BriteCore must reference the premium from the previous policy term to calculate an insured's dividend.