1. What Is Damage Calculation?

The Damage Calculation estimates the total financial impact to a property by summing repair costs and replacement costs. This helps in insurance claims, property valuation, and financial planning for homeowners.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Repair Cost — The cost to fix damaged elements of the property
• Replacement Cost — The cost to replace items that cannot be repaired

Explanation: This straightforward addition provides the total financial damage assessment for insurance or personal records.

3. Importance of Damage Calculation

Details: Accurate damage calculation is crucial for insurance claims, property valuation, and understanding the full financial impact of property damage.

4. Using the Calculator

Tips: Enter repair costs and replacement costs in dollars. Both values must be positive numbers. The calculator will sum them to provide total damage assessment.

5. Frequently Asked Questions (FAQ)

Q1: What's included in repair costs?
A: Repair costs cover labor and materials needed to fix damaged elements of your property to their pre-damage condition.

Q2: What's included in replacement costs?
A: Replacement costs cover items that cannot be repaired and need complete replacement, including their full market value.

Q3: Should I include deductible amounts?
A: No, this calculator provides gross damage amounts before any insurance deductions or personal deductibles.

Q4: How precise should my estimates be?
A: For insurance purposes, use contractor estimates or professional assessments for the most accurate figures.

Q5: Does this include secondary damages?
A: No, this is a basic calculator. For comprehensive assessments, consult with a professional adjuster who can account for all damage types.