Adding Award Items (Coverages)
Add line items to your award letter with coverage types, RCV, and ACV values.
You and the opposing appraiser have settled on numbers. Now you have to put those numbers into an award letter that both parties can sign. Every coverage on the policy that you touched needs to be itemized, with replacement cost and actual cash value broken out so the carrier knows exactly what to pay and how depreciation gets handled.
Without a structured way to enter these line items, appraisers usually rebuild the award in Word or Excel for every case, retyping the same coverage names ("Dwelling," "Other Structures," "Contents") over and over. Math errors creep in. RCV and ACV totals stop matching. The carrier kicks the award back because a number does not add up and you spend an afternoon you did not budget for tracking down a typo.
Adding award items here keeps the math sealed inside the system. You pick a coverage, type two numbers, and the totals roll up automatically. When you generate the PDF later, every line ties out and the document is ready to send for signature.
Adding an Award Item
Open the Award Letter Tab
Navigate to the appraisal and click the "Award Letter" tab.
Click "Add Award Item"
Find the add form at the top of the award items section.
Select a Coverage
Choose from your coverage library or type a custom coverage name.
Enter RCV
Enter the Replacement Cost Value for this coverage.
Enter ACV
Enter the Actual Cash Value (RCV minus depreciation).
Save the Item
Click "Add" to save the award item.
Coverage Library