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Calcimator

Insurance Claim Calculator

Estimate insurance claim payout including ACV, RCV, deductible, and out-of-pocket costs for property damage.

Inputs

Results

Insurance Pays (initial)

$19,000.00

≈ 10 gaming PCs

Out of Pocket

$6,000.00

≈ 6 smartphones

Replacement Cost Value$25,000.00
Actual Cash Value$20,000.00
How to Use This Calculator
  1. Enter the total damage ($) from your restoration estimate.
  2. Set the policy deductible ($) and depreciation holdback (%).
  3. Toggle over-limit flag if the claim exceeds the policy limit.
  4. Review replacement cost value (RCV), actual cash value (ACV), insurance payout, and out-of-pocket cost.
  5. Use out-of-pocket figure to discuss payment expectations with the property owner before work begins.

How the result changes with Total Damage ($)

Total Damage ($)Insurance Pays (initial)Out of Pocket
500,090$239,000.00$261,090.00
1,750,065$239,000.00$1,511,065.00
3,250,035$239,000.00$3,011,035.00
4,500,010$239,000.00$4,261,010.00

What each input means

Total Damage ($)
Total estimated cost to repair or replace all damaged property
Deductible ($)
Your insurance policy deductible amount
Depreciation (%)
Estimated depreciation of damaged items (insurer may hold back this amount initially)
Coverage Limit ($)
Maximum coverage amount on your dwelling or contents policy

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Total Damage ($) = 25000, Deductible ($) = 1000, Depreciation (%) = 20, Coverage Limit ($) = 300000 = 4 input(s) provided
  2. Calculate Out of Pocket
    Out of Pocket
    6000 = $6,000
  3. Calculate Replacement Cost Value
    Replacement Cost Value
    25000 = $25,000
  4. Calculate Actual Cash Value
    Actual Cash Value
    20000 = $20,000

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