Yes. Creating an account is free and easy. Get started by uploading your insurance claim estimate to receive an estimate analysis and useful information regarding your insurance claim estimate. There may, however, be certain costs to receive a more detailed analysis.

After uploading your estimate into Claims Calculator, the application extracts all of the available information and compares it to available market data.

Various factors affect how fast the estimate comparison and analysis takes, such as, file size and number of line items. If an estimate takes too long, create an account and you will receive an email notification when the Claims Calculator analysis is completed and ready for you to view.

Claims Calculator uses available information from a cost database(s) to compare extracted line items from the insurance claim estimate uploaded and provides you with an overall Claim Score and additional claim related information and analysis.

Claims Calculator’s Claim Score is a proprietary evaluation that takes into account various factors, such as, the items extracted from your estimate, the cost of those items from the estimate, and available market data. This information is sourced from credible industry sources.

The Adjusted Recovery Value (ARV) is an estimated fair payment amount for a line item or the total of line items based on a detailed analysis of comparable market data.

An estimate or claim estimate is the detailed, line item by line item, document you receive from the insurance company, claims adjuster or desk adjuster/examiner, that provides specific information as to the scope of the loss and damages being identified and acknowledged, as well as the pricing for each particular line item scope. This is the document that you are prompted to upload and submit to Claims Calculator, and which is analyzed through our proprietary estimate analysis tool.

The type of property you own, and which was damaged and is the subject of the insurance claim. Please be aware that while you may think your property type is a single-family home or residence, it may actually be a duplex, townhouse, etc. For example, typically a townhouse is attached to other properties/townhouses by walls or ceilings, and is not considered a single-family home or residence. A single-family home or residence, by contrast, is a free-standing residence building, not attached to another property by walls or ceilings. A condominium or apartment unit is a residential unit contained within a condominium or apartment building, as the case may be. Typically, the biggest difference between a condominium and apartment is ownership – an apartment is usually defined as a residence that is rented, often as part of a larger residential apartment building, while a condominium is similar in structure to an apartment (usually a unit within a larger residential building) but condominiums are owned instead of rented.

The type of insurance policy you purchased and which covers your property that was damaged. There are many and various types of insurance policies, such as certain policy types for single family homes or residences, as compared to policy types for condominium units owned and condominium or apartments units that are rented (i.e., renter’s insurance). T o understand the type of insurance policy you have and which covers the property that is the subject of the insurance claim, you need only look to the Declaration Page of your insurance policy. The Declaration Page will provide and show you the type of insurance policy you have purchased and which covers the property.

The Declarations Page of your insurance policy is a document provided by your insurance company that summarized the coverage(s) provided by your insurance policy. It contains most of all the important and pertinent information regarding your insurance and coverage(s). For example, the Declarations Page provides information as to the Named Insured(s) under the insurance policy, the insurance broker/agent, and your lender if you have a mortgage. Also, the Declaration Page will include the policy number, as well as the limits of insurance you’ve selected and pay premiums for coverage, such as dwelling coverage, personal property coverage, and liability coverage

It may be surprising to many that your definition of a flood differs greatly from an insurance company’s definition of a flood. Many property owners unknowingly identify any loss and damage to their property that is caused by water as a flood (i.e., water is pouring into a condominium or apartment unit from the unit above yours, you may say that your unit is “flooded” with water, but this is not a flood claim for purposes of insurance). Typically, floods and flood loss or damages are NOT covered under a homeowner’s insurance policy; there is a separate policy type specifically for flood losses and damages. Simply put, the main difference between a flood claim and a water damage claim is the source of the water – flood water comes from a natural source and, generally, two or more properties are involved. If you and your neighbors are having water issues and water damages due to heavy rains and/or rising water levels, then you are likely dealing with a flood insurance claim. On the other hand, if you are dealing with water in your property (and a neighbor is not also having similar or other water-related issues or damaged) , you are most likely dealing with. a water damage claim. Water damage claims include things such as a rainstorm (severe or otherwise) causing water to come through your roof, a pipe failing or breaking causing water to escape and cause damage to the interior of your property, or a toilet overflowing and causing water damage to the interior of your property. It is important to understand the difference(s) between a flood claim and a water damage claim, and making the distinction for purposes of understanding which insurance policy comes into play (i.e., property policy for a water damage claim, and flood policy for a flood damage claim) when making a claim for loss and damages caused by different sources of water.

Simply stated, a wind damage claim differs from a hurricane claim in that loss or damages caused by a hurricane as identified, designated and named as a hurricane. Otherwise, any loss or damage caused by a rainstorm, thunderstorm, or other severe storm that is NOT identified, designated and named a hurricane is likely going to be considered as a wind damage claim.