Claim Payout Calculator

A claim payout calculator estimates how much your homeowners insurance will actually pay after a covered loss — once your deductible, depreciation, sub-limits, and exclusions are applied. It shows the gap between the loss amount and the check you receive.

RCV (replacement cost value) pays what it costs to replace the damaged item today. ACV (actual cash value) pays the depreciated value — what the item was worth used. On a 15-year-old roof, an ACV endorsement can cut the payout by 40–50%.

Instead of a flat dollar deductible (e.g. $2,500), a percentage deductible is calculated as a share of your dwelling coverage — typically 1%, 2%, or 5%. On a $600,000 home, a 2% wind/hail deductible is $12,000 out of pocket before insurance pays anything for a hail claim.

A cosmetic damage exclusion lets the carrier deny dents and surface damage to metal roofs and siding when the material is still 'functional' — meaning it sheds water. The damage is real and visible, but the claim is denied.

Most homeowners policies cap unscheduled jewelry, watches, and furs at $1,500 total per loss. To get the full value covered, each item needs to be 'scheduled' — appraised and listed individually on a personal articles endorsement.

When a partially-damaged home has to be rebuilt to current building code, the upgrade costs (sprinklers, hurricane straps, modern electrical) aren't paid by standard dwelling coverage. Ordinance & law coverage — usually 10% or 25% of Coverage A — pays for those code-required upgrades.