EDI Document Type - 124 Vehicle Damage
What is a 124 Vehicle Damage document?
The 124 Vehicle Damage contains information regarding Vehicle Damage Transaction Set (124) for use within the context of an Electronic Data Interchange (EDI) environment. Standard EDI formats include X12, ANSI, EDIFACT and its subsets. Click here to read more about supported EDI Standards.
What makes up the 124 Vehicle Damage document?
A 124 Vehicle Damage document is organized into the following segment and data elements. A segment can contain at least one data element. Each data element contains a data field. Examples of data elements in the 124 Vehicle Damage document includes vehicle damage information flow between Property & Casualty (P&C) insurance companies, independent agents, service providers, information providers, self-insurers and financial institutions.
How is it used?
The purpose of the 124 Vehicle Damage document is it can be used to provide vehicle damage information flow between Property & Casualty (P&C) insurance companies, independent agents, service providers, information providers, self-insurers and financial institutions. This document estimates vehicle damage and provides reporting of parts and labor cost connected with repairing the estimated damage.
The Process and Standards
An EDI solution is required to process the EDI documents received into a financial system (click here to view all available financial systems eBridge integrates into) or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
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