Insurance

In the real estate business, insurance plays a crucial role in protecting properties against potential risks and damages. Insurance provides financial coverage and peace of mind to property owners, tenants, and investors by mitigating the impact of unforeseen events.

The Insurance Doctype is part of the Property Management Solution module. It is designed to manage and record insurance details, including insurance provider, type, policy number, premium price, effective and expiration dates, description, and cover documents.

Prerequisites

The 'Insurance Provider' is a link field that allows you to choose your provider. You can create an insurance provider within the supplier document type and then select it from the 'Insurance Provider' field.

Fields

The Insurance Doctype consists of the following fields:

1. Insurance Provider

   • Field Name: insurance_provider

   • Field Type: Link

   • Label: Insurance Provider

   • Description: The provider of the insurance policy.

   • Options: Supplier

2. Insurance Type

   • Field Name: insurance_type

   • Field Type: Data

   • Label: Insurance Type

   • Description: The type of insurance (e.g., Health, Property, Vehicle).

     
     

3. Policy Number

   • Field Name: policy_number

   • Field Type: Data

   • Label: Policy Number

   • Description: The policy number of the insurance.

     
     

4. Premium Price

   • Field Name: premium_price

   • Field Type: Currency

   • Label: Premium Price

   • Description: The premium price of the insurance.

     
     

5. Effective Date

   • Field Name: effective_date

   • Field Type: Date

   • Label: Effective Date

   • Description: The effective date of the insurance policy.

     
     

6. Expiration Date

   • Field Name: expiration_date

   • Field Type: Date

   • Label: Expiration Date

   • Description: The expiration date of the insurance policy.

     
     

7. Description

   • Field Name: description

   • Field Type: Data

   • Label: Description

   • Description: Additional details or description of the insurance policy.

     
     

8. Cover Document

   1. Field Name: cover_document

   2. Field Type: Attach

   3. Label: Cover Document

   4. Description: Attachment for the cover document of the insurance policy.

Creating an Insurance Record:

• Navigate to the Property Management Solution module.

• Select the Insurance Doctype.

• Click on "New" to create a new insurance record.

• Fill in the required details, including Insurance Provider, Insurance Type, Policy Number, Premium Price, Effective Date, Expiration Date, Description, and Cover Document.

• Save the record.

• Quick Entry: Quick entry is enabled for fast data input.