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Insurance Claim Gap Calculator
Insurance rarely pays full claim. This calculator sizes the gap.
Net recovery
$190,000
Claim gap
$60,000
Recovery %
76.00%
How the math works
Recovery = claim − deductible − depreciation − exclusions. Gap is the difference.
Understand policy before loss. Re-read endorsements annually. Know coinsurance thresholds, exclusions, and ACV vs RCV for each line of coverage.
How to Use
- Enter total claim amount.
- Enter deductible.
- Enter actual-cash-value depreciation.
- Enter exclusions.
- Read net recovery and gap.
Frequently Asked Questions
Gap sources?
Deductible (first dollar). Depreciation on ACV policies. Exclusions (flood, earth movement). Coinsurance penalties. Policy limits. Each erodes full-value recovery from nominal claim.
Replacement cost vs ACV?
Replacement cost policies pay full replacement, actual cash value policies pay depreciated. Difference can be 30-60% on 10+ year items. Always elect replacement cost if available.
Gap funding?
Self-insurance via reserves. Umbrella policies for specific perils. Higher limits (cheap premium, large coverage). Understanding gaps before loss prevents surprise uninsured damage.
How do insurance carriers view this?
Insurance carriers underwrite per-peril and often stack deductibles — named storm, wind, hail, flood, and standard can all apply separately on a single event. Confirm with your broker which deductibles actually apply to your policy and stress-test liquidity against the highest applicable deductible. Endorsements and riders can modify base terms; read declarations carefully and keep a written summary on file for claim time.
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