Homeowners don’t know what they are covered for or how property claims are paid. Recover with confidence before you decide your next step. 

Claims Calculator produces a comprehensive Claim Report utilizing various variables to provide you an detailed breakdown of your Claim Score and automated analysis of factors positively or negatively impacting your recovery. 

Claims Calculator’s proprietary algorithm calculates your Claim Score based on credible industry standards and market data. The Claim Score represents the confidence in your recovery relative to the market. The higher the score, the more confidence in the adjustment of your claim. The lower, the less confidence in the adjustment of your claim.

All Claim Score calculations are guaranteed for the life of your claim, subject to limitations. Homeowner property insurance claims only. See terms of service for details.

The basic function of property insurance is the transfer of risk. Its aim is to reduce financial uncertainty and make accidental loss manageable. It does this substituting payment of a small, known fee—an insurance premium—to a professional insurer in exchange for the assumption of the risk a large loss, and a promise to pay in the event of such a loss. For more information, click here.

Covered peril, in the context of property insurance, refers to specific risks that are named in an insurance policy as being covered. In other words, it is an event or hazard that is specifically included in the policy and for which the insurance company agrees to pay if it causes damage or loss to the insured property. Examples of covered perils might include fire, windstorms, theft, or vandalism.

A deductible in the context of a covered property insurance loss is the amount that the policyholder is responsible for paying out of pocket before the insurance coverage kicks in. It is a fixed sum determined at the start of the policy which the insured agrees to pay towards the repair or replacement of the property in the event of a loss due to a covered peril. The deductible serves to share the risk between the insurer and the insured and can affect the premium of the policy—typically, a higher deductible leads to a lower premium, and vice versa. After the deductible is paid, the insurance company pays the remaining costs to cover the loss up to the policy's limit.

A homeowner that has suffered a covered loss, made a claim and received some payment has several options, if they do not agree with the amount of money paid to them by their insurance company. They can resubmit information for reconsideration to the insurance company, hire a public adjuster, demand appraisal, and/or in some states, request mediation. If that doesn’t resolve the dispute, they can seek the advice of counsel and possibly, file a lawsuit. It is important to check your policy for specific terms and conditions that may limit or restrict your right to dispute a payment and coverage.