Examples
Examples
Try the starting example
- Covered loss before deductible ($)
- 500
- Options: name, premium $, per-loss deductible $, payout limit $
- A,100,100,1000 B,200,0,1000
- Payout by entered option ($)
- A: 400.00; B: 500.00
- Retained loss by option ($)
- A: 100.00; B: 0.00
- Premium plus retained loss by option ($)
- A: 200.00; B: 200.00
- Lowest total-cost option(s) in this scenario
- A, B
Try another scenario
- Covered loss before deductible ($)
- 50
- Options: name, premium $, per-loss deductible $, payout limit $
- A,100,100,1000 B,200,0,1000
- Payout by entered option ($)
- A: 0.00; B: 50.00
- Retained loss by option ($)
- A: 50.00; B: 0.00
- Premium plus retained loss by option ($)
- A: 150.00; B: 200.00
- Lowest total-cost option(s) in this scenario
- A
Calculation method
Calculation method
Payout by entered option ($)
min(payout limit,max(0,loss−deductible)) for each option.
Retained loss by option ($)
Loss−payout.
Premium plus retained loss by option ($)
Entered premium+retained loss.
Lowest total-cost option(s) in this scenario
Compare exact cent totals for this one supplied loss.
Symbols and units
- a
- Covered loss before deductible ($)
- b
- Options: name, premium $, per-loss deductible $, payout limit $
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Assumptions & limits
Assumptions & limits
- A single-loss comparison under the deductible-then-limit model shown here. Premiums, eligible loss and limits are supplied assumptions; exclusions, claim likelihood and actual policy interpretation are not inferred.
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.
Further reading
NAIC: insurance terminology background; the displayed model is user specified ↗
Background reading; this does not imply endorsement or independent review of SumFizz.