Examples
Examples
Try the starting example
- JSON Artwork [ID,user declared value currency,supplied per-item coverage cap currency] (USD)
- [["A",5000,4000],["B",2000,3000]]
- Supplied total policy cap (USD)
- 6000
- Declared total (USD)
- $7,000.00
- Coverage after item and aggregate caps (USD)
- $6,000.00
- Illustrative uncovered value (USD)
- $1,000.00
Try another scenario
- JSON Artwork [ID,user declared value currency,supplied per-item coverage cap currency] (USD)
- [["A",5000,4000],["B",2000,3000]]
- Supplied total policy cap (USD)
- 5000
- Declared total (USD)
- $7,000.00
- Coverage after item and aggregate caps (USD)
- $5,000.00
- Illustrative uncovered value (USD)
- $2,000.00
Calculation method
Calculation method
Declared total (USD)
sum(r[1] for r in a)
Coverage after item and aggregate caps (USD)
min(b,sum(min(r[1],r[2]) for r in a))
Illustrative uncovered value (USD)
sum(r[1] for r in a)-min(b,sum(min(r[1],r[2]) for r in a))
Symbols and units
- a
- JSON Artwork [ID,user declared value currency,supplied per-item coverage cap currency] (USD)
- b
- Supplied total policy cap (USD)
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Calculation steps and notation
sum(list) adds all entries in the list.
Assumptions & limits
Assumptions & limits
- User valuations and explicit caps only, excludes deductibles/exclusions/claim terms. No appraisal or insurance coverage determination. Supported limits: All numeric inputs must be finite. Only the explicitly described mathematical scenario is supported.
Are these inputs private?
These calculations run in your browser. A shared link contains the values you choose to share. Only questions submitted to the separate AI finder are sent to OpenAI.