Claims & Settlement
Insurance Claim Calculator
Calculate claim settlement amount based on loss, deductible, and policy coverage.
💰 Loss & Policy Details
Total Loss Amount
$
Total value of loss or damage
Policy Coverage Limit
$
Maximum amount your policy covers
🛡️ Deductible & Depreciation
Deductible Amount
$
Amount you pay before insurance covers
Depreciation Rate
%
Value reduction due to age/wear
📊 Coinsurance & Other
Coinsurance Rate
%
Your share of covered loss (if applicable)
Claim Type
Replacement cost = full value, ACV = value minus depreciation
Claim
0%
Claim Settlement
$0
amount you receive
Loss After Depreciation
$0
Deductible Applied
$0
Coinsurance Share
Coverage Limit Applied
$0
📊 Claim Calculation Breakdown
| Component | Amount | % of Loss |
|---|
How the formula works
Settlement = Min(Loss × (1 − Depreciation), Limit) − Deductible − Coinsurance
- Depreciated Loss = Loss Amount × (1 − Depreciation Rate ÷ 100)
- Deductible = Amount subtracted from the claim
- Coinsurance = Your share of the covered loss
- Coverage Limit = Maximum amount the policy pays
- Replacement Cost = No depreciation applied
- Actual Cash Value (ACV) = Depreciation applied to loss