Tool
Underinsurance: how much of the loss do you bear?
Enter the actual value, the sum insured and the amount of the loss.
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€
€
Left for your account
Property: insured 70%
The loss: €300,000
- The insurer pays€210,000
- You bear€90,000
The insurer pays the same share of the loss as the share of value insured — 70%. The rest is yours.
How it is calculated
Indemnity = loss × (sum insured ÷ actual value). When the sum insured is below the value, the indemnity is reduced in the same proportion (“average”). First-loss policies are the exception. The excess is not included. The calculation is illustrative.
The calculation shows how proportional indemnity works and is illustrative.
