To include the interests of a policy for the ‘Property’ line of business you need to go through the following steps:

• In the Policy Information block, all fields are read-only and are automatically retrieved by the system. The fields are general information regarding the policy;
• The Interest Serial number is auto-generated by the system;
• The Insurance Class and Policy Type are automatically displayed by the system according to the policy previously selected in the Policies page;
• Enter the Interest Name;
• Select the Parent Interest name. Accordingly, the parent interest’s information will be automatically retrieved and filled in their designated fields. However, you can change them if you want;
• Select the Interest Type. You can select from a list of types that were defined in the Interest Types page of the Insurance Classes sub-module;
• The Latest Sum Insured will be calculated automatically after each time you update the sum insured;
• The Effective Date and time will be automatically retrieved by the system according to the policy selected previously in the Policies page. You may change it if you want;
• The Expiry Date and time will be automatically retrieved by the system according to the policy selected previously in the Policies page. You may change it if you want;
• Enter the value of each unit to be insured in the Unit Sum Insured field;
• The system will automatically calculate the Unit Sum Insured in Local Currency of the company;
• Enter the Quantity of units to be insured;
• The Sum Insured will be automatically calculated by the system. The system will multiply the unit sum insured by the quantity and retrieve the total;
• The Exchange Rate would be given by the system along with the Sum Insured in Local Currency;
• Select the Risk Occupation of the property interest;
• Select the Risk Scale for this insured interest;
• Select the Jurisdiction area over which the legal authority of a court extends;
• Enter the Deductible Percentage, Minimum Deductible and Maximum Deductible amounts. The system will take the deductible percentage into consideration only if it falls within the specified range of deductible amounts. Otherwise, if the deductible percentage was greater than the maximum deductible, then the system will consider the maximum deductible amount. Else if the deductible percentage was less than the minimum deductible, then the system will consider the minimum deductible amount;
• Enter any necessary notes regarding the deductions in the Deductible Notes field;
• Select the Customer name.  Note that customer names will be filtered based on the insured customer name entered during the entry of the policy;
• Enter the Interest Description;
• Check-in the Is Top Location checkbox if the interest is the top location. Note that all other remaining interests for the same policy will be set as ‘not top location’. Only one interest can be top location at a time;
• Select the Country, City and Area of the interest;
• Select the Building Type from a list of pre-defined building types. Note that building types can be defined in the Codes sub-module located in the General Settings module;
• Select the Ceiling Type from a list of pre-defined building types. Note that building types can be defined in the Codes sub-module located in the General Settings module;
• Enter the Number of Floors of the property;
• Enter the Block Number, Building Number and Floor Number of the property;
• Enter the PML Percentage  and EML Percentage;
• The Interest Premium and Interest Premium LC are initially set as zero. The amounts will change upon adding covers and calculating the premium;
• The Accumulation Amount is initially set to the last calculated amount on the selected risk location within other policies
• Select the Risk Location from a list of pre-defined risk locations. Note that risk locations can be defined in the Accumulation Risk page located in the Underwriting Setup sub-module;
• In the Appointed field, select the name of the surveyor appointed to this policy interest. You can select the names from a list that was previously defined through the Codes page of the General Settings module;
• Enter the Appointed Fees for the selected surveyor;
• Specify the Maintenance Period of the property;
• Enter the Address of the appointed;
• Enter any necessary Notes. Note you can enter notes in both languages of the system;
• Click to save your work;
• The next step will be to go to the Policy Covers page;