Location Builder's Risk fields
Validation rules for fields related to builder's risk for a location (U.S. models only).
Verisk Synergy Studio's individual risk methodology follows a structured, logical approach that groups building characteristics (SRCs) that are supported in a specific model. Refer to the "Secondary Risk Characteristics Matrix"—https://risksolutions.verisk.com/models/landing-pages/secondary-risk-characteristics/—which is available on the landing page on the Client Portal (login required)—that serves as a guide to the SRCs supported by each model. The landing page includes peril-specific SRC documentation. Users may also refer to a model's detailed description (available on the Client Portal).
For information about modeling builder's risk, see the Using Builder's Risk in Verisk Synergy Studio,which is available on the Client Portal.
| Field | Supported country / peril | Description | Validation rules | Default value |
|---|---|---|---|---|
| Project Completion |
|
Percentage of the project that is already completed at policy
inception, in terms of time. Input this value only when analyzing the
Average Project Loss over the duration of the entire project:
|
|
0 |
| Project Phase Code |
|
Project phase, which indicates the phase of construction that is
currently underway:
|
|
No Builder's Risk (0) |
