Collection Insurance Coverage Calculator
Estimate the recommended insurance coverage amount for your personal collection (art, jewelry, coins, stamps, sports cards, etc.) based on its appraised value, desired deductible, and coverage type.
Formulas Used
1. Projected Future Value:
FV = Current Value × (1 + Appreciation Rate)Years
2. Base Coverage:
Base Coverage = FV × Coverage Multiplier
• Agreed Value: 1.00 (100%)
• Replacement Cost: 1.10 (110%)
• Actual Cash Value: 0.80 (80%)
3. Net Recommended Coverage:
Net Coverage = Base Coverage − Deductible
4. Estimated Annual Premium:
Premium Range = Net Coverage × 1% to Net Coverage × 2%
5. Coverage Gap:
Gap = max(0, Projected Value − Net Coverage)