Skip to Content
Apr 26, 2013 at 07:53 AM

Asset Insurance for legacy data



The insurance type I have used 'Value as new insurance'. So the insurable value is calculating as per

Insurable value = (base insurance value + (asset transaction outstanding years * 100 / index of transaction year)) * index of current year / 100

But this is happening only if transaction have happened on the asset in the system.

But for legacy assets uploaded 'asset transaction outstanding years' will be 0. So how to calculate the insurable value for legacy uploaded data without manually entering the base insurable value?