{
  "schemaVersion": 1,
  "generatedAt": "2026-09-08",
  "sourceKit": "trades-property",
  "currency": "USD",
  "policyId": "POL-2026-GL-0001",
  "identities": [
    {
      "id": "premium-chain",
      "statement": "Base premium plus endorsements plus fees plus tax equals total payable.",
      "propertyPremium": "2295.00",
      "generalLiabilityPremium": "1850.00",
      "autoPremium": "2480.00",
      "toolsPremium": "415.00",
      "basePremium": "7040.00",
      "endorsementPremium": "590.00",
      "subtotal": "7630.00",
      "fees": "115.00",
      "taxRate": "0.035",
      "tax": "271.08",
      "totalPayable": "8016.08"
    },
    {
      "id": "instalments",
      "statement": "5 instalments sum to the total payable and the running balance reaches zero.",
      "amounts": [
        "1603.22",
        "1603.22",
        "1603.22",
        "1603.22",
        "1603.20"
      ],
      "total": "8016.08"
    },
    {
      "id": "insured-values",
      "statement": "Scheduled location values sum to the total insured value and the apportioned shares sum to exactly 100.0000 percent.",
      "totalInsuredValue": "2700000.00",
      "shareTotal": "100.0000"
    },
    {
      "id": "claim-settlement",
      "statement": "Assessed loss less depreciation less deductible is the net first payment; releasing the depreciation gives assessed loss less deductible.",
      "assessedLoss": "18400.00",
      "depreciation": "2760.00",
      "actualCashValue": "15640.00",
      "deductible": "1000.00",
      "netFirstPayment": "14640.00",
      "maximumRecovery": "17400.00"
    },
    {
      "id": "loss-run",
      "statement": "Incurred is paid plus reserve on every claim and in the total.",
      "paid": "17890.00",
      "reserve": "2760.00",
      "incurred": "20650.00",
      "earnedPremium": "3344.66",
      "lossRatioPercent": "617.4"
    },
    {
      "id": "broker-account",
      "statement": "Commission is charged on the subtotal only, so the net remitted is total payable less commission.",
      "commissionRate": "0.125",
      "commission": "953.75",
      "netToInsurer": "7062.33"
    }
  ],
  "deliberateDefects": [
    {
      "file": "certificate-of-insurance-COI-2026-0007-expiry-before-issue.pdf",
      "defect": "certificate issued 2026-09-08 for cover that ended 2026-03-31",
      "measuredGapDays": 161
    },
    {
      "file": "certificate-of-insurance-register-expiry-before-issue.csv",
      "defect": "row 8 carries the same out-of-date certificate with days_until_expiry of -161",
      "measuredGapDays": 161
    }
  ]
}