Inland Marine Scheduled Floaters Lookup

Match actual loss item IDs to verified inland-marine schedule with caller independently covered losses and item caps; unlisted items explicit, no inferred blanket cover or custody/transit eligibility.

Description

Scheduled floaters apply item-specific limits to independently covered losses.

Scheduled floaters apply item-specific limits to independently covered losses. Unscheduled items must remain explicit rather than being treated as blanket cover.^[1]

The returned values include Caller scheduled item loss payments minor, Observed unscheduled loss item ids, Scheduled item loss above limit minor. The How section below explains the calculation, input rules and interpretation.

When to use Inland Marine Scheduled Floaters Lookup

Use Inland Marine Scheduled Floaters Lookup when you need to evaluate the supplied records under the calculation and evidence rules below. No custody/transit eligibility, blanket cover or legal payout entitlement is supplied.

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.

How to use Inland Marine Scheduled Floaters Lookup and understand its results

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
Enter callerFloaterScheduledItemIds, callerScheduledItemLimitsMinor, observedLossItemIds, callerIndependentlyCoveredItemLossMinor using the field table and calculation rules, then run the tool.
Read callerScheduledItemLossPaymentsMinor, observedUnscheduledLossItemIds, scheduledItemLossAboveLimitMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
callerFloaterScheduledItemIds	Caller floater scheduled item ids	list of string	Required
callerScheduledItemLimitsMinor	Caller scheduled item limits minor	list of number	Required
observedLossItemIds	Observed loss item ids	list of string	Required
callerIndependentlyCoveredItemLossMinor	Caller independently covered item loss minor	list of number	Required

Enter aligned nonempty unique nonblank schedule IDs/limits and unique nonblank loss IDs/amounts, with integer money 0–10¹² each. Return item payments, unscheduled loss IDs and safe-integer excess for scheduled items only. Unscheduled losses receive zero placeholders and do not enter scheduled excess.

payment_i=scheduled?min(itemLimit,coveredLoss_i):0; excess=sum(scheduledLoss−payment)

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
callerScheduledItemLossPaymentsMinor	Caller scheduled item loss payments minor	list of number
observedUnscheduledLossItemIds	Observed unscheduled loss item ids	list of string
scheduledItemLossAboveLimitMinor	Scheduled item loss above limit minor	number

json

{
  "input": {
    "callerFloaterScheduledItemIds": [
      "camera",
      "instrument"
    ],
    "callerScheduledItemLimitsMinor": [
      5000,
      10000
    ],
    "observedLossItemIds": [
      "camera",
      "unlisted"
    ],
    "callerIndependentlyCoveredItemLossMinor": [
      6000,
      2000
    ]
  },
  "output": {
    "callerScheduledItemLossPaymentsMinor": [
      5000,
      0
    ],
    "observedUnscheduledLossItemIds": [
      "unlisted"
    ],
    "scheduledItemLossAboveLimitMinor": 1000
  }
}

Limitations and assumptions

No custody/transit eligibility, blanket cover or legal payout entitlement is supplied.

Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors.

Alternative or Complementary methods

Use Contents Inventory Scheduled Property Total Tool: A contents inventory separates scheduled and unscheduled values with evidence. Item-specific schedule limits can be deficient even when total inventory appears adequate. For a complementary task, use BOP Package Included Perils Lookup: BOP peril checks require an independently verified included-peril map. Unknown cause evidence must remain unresolved.

References

Inland Marine Scheduled Floaters Lookup — tool.io

Similar or alternative tools

Contents Inventory Scheduled Property Total Tool
A contents inventory separates scheduled and unscheduled values with evidence. Item-specific schedule limits can be deficient even when total inventory appears adequate.
BOP Package Included Perils Lookup
BOP peril checks require an independently verified included-peril map. Unknown cause evidence must remain unresolved.