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

SAP Term: extending coverage type

• Component: FS-CM

• Component Name: Claims Management

• Description: Coverage type that enhances another coverage type with its benefit types. You can use an extending coverage type to define higher limits and deductibles, for example.

Smart SAP Assistant

• Key Concepts: 
  Extending coverage type is a feature in SAP FS-CM Claims Management that allows users to extend the coverage of an existing claim. This feature allows users to add additional coverage to an existing claim, such as additional insureds, additional coverage types, or additional policy limits. 
  
  How to use it: 
  To extend the coverage type of an existing claim, users must first select the claim they wish to extend. Then, they can select the “Extend Coverage Type” option from the menu. This will open a window where users can select the additional coverage they wish to add. Once they have selected the desired coverage, they can click “Save” to apply the changes. 
  
  Tips & Tricks: 
  When extending coverage type, it is important to ensure that all of the necessary information is entered correctly. This includes any additional insureds, coverage types, and policy limits. Additionally, it is important to ensure that all of the necessary documents are attached to the claim before saving any changes. 
  
  Related Information: 
  For more information on extending coverage type in SAP FS-CM Claims Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/FS-CM/2020/en-US