Setting up Insurance Rates
Posted by Cameron Telfer, Last modified by on 15 June 2016 03:14 PM

The Insurance Rates system allows you to setup pre-defined rates for blocks of insurance at certain values of coverage. This means you no longer need to train staff on the different insurance values for certain amounts of coverage; Storman will work it out for you. During the below process you will be setting up a insurance plan.

Overview of steps:

  1. Navigate to: Insurance Rates
  2. Create Insurance Rate

Step 1. Navigate to: Insurance Rates

Begin by selecting Insurance Rates under the Maintenance menu.

Step 2. Create Insurance Rate

  • Start Value. This should always be set to $0.00
  • End Value. This is the maximum amount allowed per this policy.
  • Premium. The amount to be charged for this plan

Insurance rate example

Step 3. Save

  • Select OK to save and close your new insurance rate.
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