Add Modifiers

In the Modifier section under Coverages, you can create rules that will apply bonuses or penalties to certain kinds of assets based on parameters. This step is optional.

Applying bonuses or penalties can help manage costs or encourage certain behaviors. For example, you can reward asset owners for installing security systems in their structures, or you can apply penalties to vehicles over a certain age since they are more likely to need repairs.

1. Click Add Modifier.
   
2. Fill in the fields.
   • Type in a Name.
   • Select an Operation: Surcharge or Discount.
   • Select an Amount. Select either a dollar amount or a percentage and then enter the amount. 
   • Perform a Query to specify assets that should have the surcharge or discount.
     
     In this example, we have specified assets as part of Division A.  Read more about running advanced queries.
3. Add additional modifiers as needed.  
4. Select Save Coverage.
5. Select Close Coverage.
   
   

Click Next to continue to Collars.