Location values fields

Validation rules for Verisk Synergy Studio fields related to the values associated with a location.

Field Description Validation rules Default value
Display Currency 3-character code for the currency for the display of financial values.

To view supported currency codes, log in to the Developer Zone on the Client Portal. Then, in the Verisk Synergy Studio area, select Database Documentation, open the database reference, and search for "tCurrency Table. The Description field for the Currency Code column lists the ISO 3-character code for each currency.
  • Read-only
Total Replacement Value Total replacement value for all coverages combined.
  • Must be a numeric value between 0 and 999999999999999, inclusive.
Replacement Value Building (coverage A) Total replacement value of all the buildings that this location record covers.

Enter the actual value. Alternatively, enter 0 if the building is not covered.

Note the following special cases:

  • For the Great Britain and Germany Inland Flood models, if the floor of interest is not 0, this field represents the replacement value of the floor of interest only and not of the whole building.
  • For the Europe Extratropical Cyclone model, if the country is Norway (8), Sweden (9), or Finland (89), the occupancy code is 375 - Forestry, and you do not provide a building replacement value, the application uses the gross area value in conjunction with the per-hectare forestry unit price values to determine the replacement value.
  • For the U.S. Hurricane Plate Glass Module, enter the total replacement value of all the glass in the building.
  • Must be a numeric value between 0 and 999999999999999, inclusive.
0
Replacement Value Other (coverage B) Total replacement value of all appurtenant structures that this location record covers, such as outbuildings, sheds, gazebos, etc.

Enter the actual value or the insurance-to-value assumption as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%. Alternatively, enter 0 if other structures are not covered.

The application does not support this field for the U.S. Hurricane Plate Glass Module. Enter 0.
  • Must be a numeric value between 0 and 999999999999999, inclusive.
 0
Replacement Value Contents (coverage C) Replacement value of contents that this location record covers.

Enter the actual value or the insurance-to-value assumption as a decimal greater than or equal to 0 and less than or equal to 1. For example, enter 0.12 for 12%. Alternatively, enter 0 if contents are not covered.

Note the following special cases:

  • For the Great Britain and Germany Inland Flood models, if the floor of interest is not 0, this field represents the replacement value of the contents in the floor of interest only and not of the contents in the rest of the building.
  • The application does not support this field for the U.S. Hurricane Plate Glass Module. Enter 0.
  • Must be a numeric value between 0 and 999999999999999, inclusive.
0
Replacement Value Time (coverage D) Yearly cost for all time element coverage for the risks that this location record covers.

Enter the actual value. Alternatively, enter 0 if time element is not covered. The value should correspond to the time indicated in the Replacement Value Days Covered field.

For example, if the per diem business interruption value is $10,000, enter 10,000 in the Replacement Value Time field and 1 in the Replacement Value Days Covered field. Alternatively, enter the yearly business interruption value 3650000 in this field and 365 in the Replacement Value Days Covered field. Both entries will produce identical results.

The application does not support this field for the U.S. Hurricane Plate Glass Module. Therefore, enter 0.
  • Must be a numeric value between 0 and 999999999999999, inclusive.
0
Replacement Value Days Covered Number of days for which the replacement value time is in effect.

For example, if the replacement value time is per diem, enter 1. If the replacement value time is an annual total, enter 365.

The application divides the replacement value time by the replacement value days covered. Consequently, you can select any number between 1 and 365, inclusive, that generates the best estimate of a per diem payout.
  • Required if you are creating a new record or editing an existing record.
  • Must be a numeric value between 1 and 365, inclusive.
365