Demand surge
Demand Surge is the increase in prices for labor and materials following a catastrophe, as contractors take advantage of the increase in demand for repairs and replacement construction.
You can set defaults for Demand Surge () and create custom Demand Surge curves specific to a geographic region. When you create a custom curve, you can paste data into the grid, revert to the last saved version, and clear the grid. Currency is established in Currency Rate Settings.
For countries other than the U.S., the application applies the factor to each event (on an occurrence basis) without considering losses from other events in the same year. The Pandemic peril ignores the demand surge factor.
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Parameters & Buttons |
Description |
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Use these buttons (when applicable) and the parameters below to set Demand Surge defaults. |
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Regions |
Select a region. For details on what areas are included in a particular region, click Regions. |
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Set as Default |
Select this check box to use the current settings as the default. |
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Unit |
Select units (trillions, billions, millions, thousands). |
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Factor fields |
For each number you want to update, click in the cell and enter a new number. To create a new field, click |
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enter starting and ending points. Then enter the dollar value by which you
want to increment the industry loss.