Insurance Claim Calculator

Estimate your insurance claim payout after deductibles, depreciation, and policy limits.

Enter Claim Details

Claim Estimate Results

Enter your claim details and click "Calculate Claim Estimate" to see results.

Important Notice

This insurance claim calculator provides estimates for informational purposes only. The actual payout may vary based on your specific policy terms, insurance provider procedures, and other factors. Do not make financial or legal decisions solely based on these results. Always consult with your insurance provider or a licensed professional for accurate claim information.

Understanding Insurance Claim Calculations

Our Insurance Claim Calculator helps you estimate potential insurance payouts by applying standard insurance calculation principles. This claim estimate tool considers key factors like deductibles, depreciation rates, coverage percentages, and policy limits to give you a realistic approximation of what to expect from your claim.

How Insurance Claim Calculations Work

The calculator follows a systematic approach to determine your potential payout:

  1. Start with Claimable Loss: This is the total value of items damaged or lost.
  2. Apply Depreciation: For Actual Cash Value (ACV) policies, depreciation reduces the value based on age and condition. The formula is: Depreciated Value = Claimable Loss × (1 - Depreciation Rate).
  3. Apply Coverage Percentage: Multiply the depreciated value by your coverage percentage: Covered Amount = Depreciated Value × (Coverage Percentage / 100).
  4. Subtract Deductible: Your policy deductible is subtracted: Payout Before Limit = max(Covered Amount - Deductible, 0).
  5. Apply Policy Limit: If you have a policy limit, the payout is capped at that amount: Final Payout = min(Payout Before Limit + Other Adjustments, Policy Limit).

Worked Example

Let's consider a claim with these details:

Calculation steps:

  1. Depreciated Value = $5,000 × (1 - 0.20) = $4,000
  2. Covered Amount = $4,000 × 0.90 = $3,600
  3. Payout Before Limit = max($3,600 - $500, 0) = $3,100
  4. Final Payout = min($3,100 + $0, $10,000) = $3,100

For Replacement Cost policies, depreciation is typically not applied to items that will be replaced with new equivalents. This calculator helps you understand the difference between replacement cost vs actual cash value approaches.

Remember that actual insurance claim processes may involve additional factors like special limits for certain items, claim investigation procedures, and policy-specific exclusions. Use this insurance payout estimator as a starting point for understanding potential outcomes.

Frequently Asked Questions

No — this tool provides an estimate for informational purposes only; consult your insurer or a licensed professional before making decisions.

Depreciation reduces the value of an item based on age/condition. For ACV (Actual Cash Value) policies, insurers apply depreciation before calculating payout.

Replacement Cost covers the cost to replace with a new item (no depreciation). ACV deducts depreciation for age/condition.

Payouts subtract deductibles, apply coverage percentages and depreciation, and may be capped by policy limits.

Yes — export CSV for raw data and PDF for a printable report including the chart and table.

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