The insured value or fire insurance value or insured value 1914 is a figure with property insurances. It is (fikitive) the reconstruction value (original value), related to the year 1914 and in Marks of (m) is counted. If the building stands, as it today, 1914 built would be, it so much would have cost.

The insured value is then multiplied by the insurance company by the price of the insurance. That results in then the insurance premium, which the customer per year must pay.

Computation of the insured value

\ mathrm {insured value} _ \ mathrm {year} = \ frac {new building value} {\ mathrm {construction cost index} _ \ mathrm {year}}

\ mathrm {reconstruction value} _ \ mathrm {year} = \ mathrm {insured value} * \ mathrm {construction cost index} _ \ mathrm {year}

\ Mathrm {the construction cost index} _ \ mathrm {2005} amounts to 10.45 M/EUR.

Frequently the construction cost index is indicated also to the basis 100. It must be divided then still by 100, if one liked to use the above formula.

Up to the euro introduction the construction cost index had the unit M/DM.

Related links

• http://www.wowi.de/info/sonstiges/baukostenindex.htm
• http://www.akademischerdienst.de/anwohn1.html

Articles in category "Insured value"

We found here 26 articles.

Related Websites

We found here 4 related websites.

• Assupar : Insured Value
  Assupar's expertise in the field of insurance, its knowledge of the risks which are specific to each sector of industry and its client-oriented attitude, ...


• The Bluebook International, Inc. - Insured to Value
  InsureBASE provides you with intelligence in four crucial areas: replacement cost calculation, assessment and financing history, current market value, ...


• TOKIO MARINE NICHIDO Marine Cargo Insurance
  Since it is impracticable to assess the market value of the insured goods at the time and ... Although the Insured Value and Insured Amount are different ...


• VGIC: Home & Property / Insured To Value
  Insured to Value. Most standard insurance policies require that you insure your home as close as possible to 100% of the cost to replace your home. ...