Estimate your pure premium. A pure premium rate is an estimate of the amount an insurance company needs to collect to offset any potential claim on your policy. To estimate this, take your potential loss and divide by the insurance's exposure unit. For example, if your home is valued at ...
Cap Rate = Net Operating Income (NOI) / Current Market Value You can also turn this formula around to calculate other variables. Want to know what you should pay for a property? Net Operating Income / Cap Rate = Value Curious about what your net operating income will be?
Are you finding it challenging to know the conversion rate for your leads? Learn more on how to calculate and improve your conversion rate in this guide.
How to Calculate Car Insurance Premiums Every car insurance policy has a premium you must pay to get continuous financial protection. Most car insurance companies allow you to get a personalized rate quote online before you purchase a policy. However, some strategies can help you estimate your cos...
Example #1 - How To Calculate Unemployment Rate The total number of people who were recorded to be gainfully employed in January 2016 is 100,000 while the number of unemployed people was 8,000. Using the unemployment formula provided above, we will arrive at the following equation: ...
You do not need to calculate the cost of rebuilding your home – your insurer will be able to do that for you. The figure will be based on rebuild costs and will not be as much as the market value of the home if you were to sell it on the open market. Home contents insurance cov...
or not you’ll have to pay for private mortgage insurance (PMI). To avoid PMI, your LTV typically needs to be 80% or less, but PMI applies only to first liens so if your home equity line of credit is a second lien against your house, you shouldn't have to worry about paying PMI...
How to Calculate Your Savings Rate Yoursavings rateis the percentage of disposable personal income that you keep rather than spend on consumption or obligations.7 Say that your net income is $25,000 a year after taxes (i.e., your disposable income) and over the course of the year you als...
If you have an insurance policy, you might wonder how companies calculate your insurance premiums. You pay insurance premiums for policies that cover your health—and your car, home, life, and other valuables. The amount that you pay is based on your age, the type of coverage that you want...
How to calculate insurance premiums using big dataThe present invention provides an insurance premium pricing method for insurance products that uses big data, which can be acquired and analyzed by recent information processing technology, for insurance premium pricing. [MEANS FOR SOLVING PROBLEMS] A ...