Examples
Examples
Try the starting example
- Property value (USD)
- 200000
- Required insured fraction (%)
- 80
- Actual cover (USD)
- 100000
- Covered loss (USD)
- 40000
- Deductible (USD)
- 1000
- Required cover (USD)
- $160,000.00
- Proportional payment before deductible (USD)
- $25,000.00
- Net worksheet payment (USD)
- $24,000.00
Try another scenario
- Property value (USD)
- 200001
- Required insured fraction (%)
- 80
- Actual cover (USD)
- 100000
- Covered loss (USD)
- 40000
- Deductible (USD)
- 1000
- Required cover (USD)
- $160,000.80
- Proportional payment before deductible (USD)
- $24,999.88
- Net worksheet payment (USD)
- $23,999.88
Calculation method
Calculation method
Required cover (USD)
Average-clause example: loss × min(1,cover/required cover), capped by cover and reduced by entered deductible.
Proportional payment before deductible (USD)
Average-clause example: loss × min(1,cover/required cover), capped by cover and reduced by entered deductible.
Net worksheet payment (USD)
Average-clause example: loss × min(1,cover/required cover), capped by cover and reduced by entered deductible.
Symbols and units
- a
- Property value (USD)
- b
- Required insured fraction (%)
- c
- Actual cover (USD)
- d
- Covered loss (USD)
- e
- Deductible (USD)
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
- User-supplied measurements and assumptions; Average-clause example: loss × min(1,cover/required cover), capped by cover and reduced by entered deductible. Supported limits: Finite numeric values bounded to 1e9 magnitude; lists and tables contain 1–100 records unless a stricter bound is stated. Inputs use the units shown. Lists explicitly paired by a method must have matching lengths; independent polynomial coefficient vectors may differ. Respect stated physical, interpolation, policy and computational domain limits.
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.