Introduction
This tab is where you make all kinds of claim transactions: Reserve, Payment, Recovery, Recovery Received.
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It will show the transaction details in a popup. For ex:
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Calculations
Total Reserve = Total of all reserve transaction amount, including type “Indemnity” & “Expense”
Total Payment = Total of all payment transaction amount, including type “Indemnity” & “Expense”
Total Reserve (Indemnity) = Total of all reserve transaction amount with type “Indemnity”
Total Reserve (Expense) = Total of all reserve transaction amount with type “Expense”
Total Payment (Indemnity) = Total of all payment transaction amount with type “Indemnity” regardless of option Adjust Reserve
Total Payment (Expense) = Total of all payment transaction amount with type “Expense” regardless of option Adjust Reserve
Outstanding Reserve (Indemnity) = Total reserves (Indemnity) - Total payments (Indemnity, option Adjust reserve = true, including all payment statuses)
Outstanding Reserve (Expense) = Total reserves (Expense) - Total payments (Expense, option Adjust reserve = true, including all payment statuses)
Outstanding Recovery = Total Recovery transactions - Total Recovery Received with Adjust Recovery option is true. The calculation will including all Recovery types: Salvage or Subrogation.
Total Recovery Estimated = Total Recovery transaction amount. The calculation will including all Recovery types: Salvage or Subrogation.
Total Recovery Received = Total Recovery Received transaction amount regardless of Adjust Recovery option. The calculation will including all Recovery types: Salvage or Subrogation.