What is extended coverage type in SAP FS-CM - Claims Management?

SAP Term: extended coverage type

• Component: FS-CM

• Component Name: Claims Management

• Description: Coverage type that is enhanced to include the benefits of another coverage type.

Smart SAP Assistant

• Key Concepts: 
  Extended coverage type is a feature of the FS-CM Claims Management component of SAP. It allows users to define additional coverage types for claims processing. This feature enables users to create custom coverage types that are tailored to their specific needs. 
  
  How to use it: 
  To use the extended coverage type feature, users must first define the coverage type in the system. This can be done by navigating to the “Coverage Types” tab in the FS-CM Claims Management component. From there, users can select “Create Coverage Type” and enter the details of the new coverage type. Once saved, this new coverage type will be available for use in claims processing. 
  
  Tips & Tricks: 
  When creating a new coverage type, it is important to ensure that all relevant information is entered accurately. This will ensure that the coverage type is properly configured and can be used correctly in claims processing. Additionally, it is important to keep track of all created coverage types so that they can be easily accessed when needed. 
  
  Related Information: 
  For more information on the extended coverage type feature of FS-CM Claims Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this feature.