Bulk Increase Sums Insured - Update Asset Values – Vision RECap Support Home

User: Broker

It's renewal season and you have 25, maybe 60 assets to update for your client, and to help you prepare we created a feature for bulk increase to sums insured values for a client portfolio.

The Update Asset Values Button will highlight 4 months before renewal

This function will apply an increase to ‘Total Sums Insured’ for any building, contents and forecasted annual rental values that have been previously entered.

Screenshot 2026-06-11 at 11.02.56 AM.png

An email and notification will be sent to Brokers to participate when the timing related to an insurance policy is activated.

How 'Update Asset Values' Works

Important to Note

This can only be applied once over this period.
Once completed you cannot UNDO this in bulk. You will need to manually change each Asset > Building > Sum Insured values.
Once you commence with this option it will remain in draft until complete or close 30 days before the renewal period expiry
You can view last updated values under My Assets > Asset Details > Building > Sums Insured & Asset Rebuild Time - to make sure that no one has manually updated the values recently for the renewal period.
Or go to the Asset Modification tab to filter last Updated Asset Modification as a Broker

You have two options to Increase Asset Values by selecting the radio button:

(ANSWER YES) Increase the sums insured the same percentage for the whole portfolio OR
(ANSWER NO) You can custom increase sum insured (insurance values) by state, or territory by searching and grouping them to update the percentage increase for that group only.

Screenshot 2026-06-11 at 11.10.35 AM.png

Screenshot 2026-06-11 at 11.13.05 AM.png

Applying different percentage % increases to a bulk increase to sum insured values across a portfolio

Select Update Asset Values > then 'No' to the same percentage for ALL assets in the organisation
On this page you will see a search box - if you are increasing assets let's say for 'New South Wales' at 4.5% and then Victoria at 4% - type into the search bar 'New South Wales' first
All Assets with New South Wales address will display (it will tell you how many asset in the top right corner).
Check > Select ALL Increase Sums Insure (top right corner)
Then enter the percentage % increase in the first address box - this will populate for all Asset for this search group.
When done press 'continue' - then add a new keyword search and follow the same steps. It will highlight assets still needed to complete until 'Review' displays.

Asset Modifications Tab

Once the Bulk Update to Asset and Insurance Values is complete the Asset Owner (MAC) will receive a notification of the changes. They can view this inside the Asset Modification tab for the whole portfolio.

For a bulk up lift or increase to the asset sum insured values, no approval is required by the asset owner (MAC) for this type of modification. Only manual changes made will need approval per asset.
The MAC will receive an email confirmation and all the updates can be found under My Assets > Asset Modification button
You can also export the modification tab if needed