Claim Payout After Deductible
Calculator
Results
- Claim payout
- 17,000
- Cost retained by the insured
- 1,000
- Payout as a share of the loss
- 94.444444
Insurance and risk results
| Claim payout | 17,000 |
| Cost retained by the insured | 1,000 |
| Payout as a share of the loss | 94.444444 |
formula-map diagram
- Claim payout
- 17,000
- Cost retained by the insured
- 1,000
- Payout as a share of the loss
- 94.444444
Coverage and risk relationship
Formula
Payout = min(max(loss − deductible, 0), policy limit)= 17000
Note
This is generic arithmetic using the amounts, rates and factors you entered. It is not an insurance quote, a policy interpretation, or financial advice. No insurer rate, jurisdiction rule, statutory limit or policy wording is built in. Real premiums and payouts depend on underwriting, your policy's exact terms and exclusions, and applicable regulation; confirm with your insurer or a licensed professional.
More in Insurance and risk
See all →Frequently asked questions
How is my payout calculated after a claim?+
The insurer subtracts your deductible from the covered loss amount first, then applies any coinsurance percentage to what remains, and the calculator walks through that same order of operations to estimate your net payout.
Why is my payout $0 even though I had real damage?+
If your covered loss is less than or equal to your deductible, you receive nothing from the insurer, since the deductible is the amount you absorb yourself before any coverage applies. This is a common surprise for small claims.
Does the deductible apply per claim or per year?+
This depends on the policy type. Most property and auto claims apply the deductible per individual claim/incident, while many health plans apply the deductible once per year regardless of how many separate incidents occur.
Why is my actual payout lower than the estimate?+
Coverage limits, exclusions, depreciation (in actual cash value policies), or a determination that part of the loss wasn't a covered peril can all reduce the real payout below a simple deductible-subtraction estimate.
Should I file a claim if the payout will be small?+
Consider that filing any claim, even for a small payout, can affect future premiums or claims history; if the calculated payout is only slightly above your deductible, paying out-of-pocket may be cheaper over the long run.