How to Calculate Insurance Claim Value
Work out what a property or liability claim should pay after depreciation and deductible.
How this number is built
Calculating it yourself
Step 1
Document the loss with photographs and a room-by-room inventory before cleanup begins.
Step 2
Get an independent replacement estimate rather than accepting the adjuster's first figure.
Step 3
Check whether your policy settles on replacement cost or actual cash value — the gap is large.
Step 4
Apply depreciation only to the items your policy actually depreciates.
Step 5
Subtract the deductible last, and add living expenses if the property is uninhabitable.
What people ask next
What is recoverable depreciation?
The withheld portion of a replacement-cost claim, released after you prove the repair or replacement was completed.
Why was a coinsurance penalty applied?
Because the property was insured for less than the required percentage of its value, the insurer pays a proportionally reduced share.
Searches this page answers
| Related search | Goes to |
|---|---|
| insurance claim | Insurance Claim Value Calculator |
| claim | Insurance Claim Value Calculator |
| recovery | Insurance Claim Value Calculator |
Where this applies
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