Even though a property can be owned by many persons, it is assumed that only one person owns a property. A person’s details may be existing even though the related property details are not available at that time
A person can have many properties.
A policy cannot exist without the property details that it is covering. However, a property’s details may be existing and it may be related to a policy later on.
A policy can be either Home Building policy or Home Content policy or it can be of both.
A Home Content policy can cover many items of different kind/type. A policy can cover more than one item of the same kind. i.e., If there are more than one piece of item of the same kind such as 60” LED LG TV to be covered in the same policy, then quantity value has to be entered appropriately.
Each claim is for one policy only and every claim requires an existing policy. Due to operational reasons, a claim may contain details of some contents other than those mentioned in Home content policy. A claim when processed results into either settled or rejected claim only. If a claim is rejected, then it cannot be settled at all. i.e., combination of settlement of some items and rejection of remaining items from the same claim are not performed in this model.
Each claim is handled by one assessor only.
An assessor may handle many claims but for each claim, he/she submits one initial and one final report only and hence final report is assumed to be an extension of initial report (initial report has been treated as report).
Reason for rejecting a claim may be due to lapsed period or as recommended by the assessor.
An assessor is also a person and there could many other type of persons in future.
An assessor can have many qualifications.
Total premium amount is the sum of Home Building Premium and Content premium amount for a combined policy.
The amount settled for a claim is as per the final assessment submitted by the assessor.
The details of the recommendation for claim settlement is submitted in the form of memo/report by the assessor.