Insurance Reimbursement Formula

Below you will find descriptions and details for the 1 formula that is used to compute insurance reimbursement values.

Insurance reimbursement:

where FVP is the face value of the insurance policy, FMV_loss is the fair market value of the loss, FMV_property is the fair market value of the property, and CR is the coinsurance rate (i.e., the percentage of the loss borne by the insurer).

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