Common SOV Mistakes Underwriters Flag
A schedule of values can look complete because it has rows and values, while still missing the details that underwriters need to understand the property exposure.
Missing or incomplete addresses
Property underwriters need enough address detail to locate the exposure. Missing street address, city, country, state, or postal information can block catastrophe review, territory checks, and accumulation analysis.
Weak occupancy descriptions
Occupancy tells the underwriter what happens at the site. A row that says only "commercial" or "building" is less useful than "warehouse", "office", "manufacturing", or "retail". Better occupancy descriptions reduce follow-up questions.
Blank construction fields
Construction affects fire, wind, flood, and repair-cost assumptions. Missing construction is especially painful when the schedule includes high-value locations or catastrophe-exposed territories.
Duplicate locations
Repeated addresses can be valid, but they need explanation. A duplicate may represent multiple buildings at one site, separate tenants, different coverage sections, or an accidental duplicate row. Underwriters usually need to know which one it is.
Unclear TIV logic
Total insured value should be consistent. If building, contents, stock, and business interruption are separate, confirm whether TIV is the sum of those values or an independent field. Bad TIV logic can distort both pricing and capacity discussions.
Download a clean SOV template
Use the property SOV CSV template, then run your file through the Schedule of Values Cleaner before renewal or market submission.