Preview Charges
In the Preview section, you can see a summary of the insurance charges resulting from asset values, applied rates, and other variables defined in previous sections. Be sure to add or remove columns to view the information you need.
Variances Between the Allocation Total and the Target Allocation
Understanding Icons Next to Charges
Preview By
In the upper right of the grid, view amounts by Bill To Account, Account, Account and Coverage, or by Asset.
Variances Between the Allocation Total and the Target Allocation
At the top of the Preview page, you will see the Allocation Total and the Variance to Target value. The Allocation Total is the total charge allocated based on the cost components, accounts, and assets incorporated into the equation.
The Variance to Target amount shows the difference between the Allocation Total and the Target Allocation.
The factors that contribute to the variance include: rounding, collaring, overrides, modifiers, minimum charges, and selecting a fixed rate for a coverage instead of full distribution.
Overriding the Final Charges
There are two ways to override the final charges: Add Charge or Edit. These steps are optional.
Add Charge
- If you need to add another coverage charge to factor into the overall allocation, click Add Charge.
- Fill out the Add Account & Coverage Charge form:
- Select an Account.
- Select a Coverage.
- Type in an amount for the Charge.
- Add a Comment to explain the charge.
- Click Save Changes.
Edit Charge
- If you need to further adjust the final charge, select a row and then select Edit from the action menu.
- Using the Edit Charge form, edit the fields as needed.
In this example, we are viewing the charges By Account & Coverage. If you want to edit the charge at a different level, such as Account, change the Preview By option.
- Click Save Changes.
- Click Next at the bottom to continue to the Schedule Dates section.
Open the Charge Inspector
The Charge Inspector is a record of the allocation process for an account and coverage.
From the Preview page, first view by Account & Coverage. Then either click on the amount for a row or by selecting Charge Inspector from the action menu.
Read more about the Charge Inspector.
Understanding Icons Next to Charges
If a charge has been altered using the Add Charge feature or Edit feature under the action menu on the Preview screen, or if Collars or Caps have been applied under Coverages, an icon will appear next to the figure under the Charge column. An icon will also appear if the charge has been reassigned to the asset's payor.
The icons are as follows:
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Charge has been capped |  |
Charge has been overridden |
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Charge has collar applied |  |
Charge has been reassigned to the asset's payor |