Insurance
Property Reinstatement Value — Inflation Uplift
Adjusting the sum insured and premium upward mid-term for construction cost inflation.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Premium Receivable (Uplift) | Asset (+) | 240.00 | - |
| Written Premium — Property Uplift | Revenue (+) | - | 240.00 |
💡 Accountant's Note
Rising construction costs mean buildings become underinsured if sums insured are not indexed. Automatic indexing clauses generate additional mid-term premium that is recognized over the remaining policy period.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.