Insurance Replacement Value Uplift Percent Applier
Add caller insurance replacement uplift, not an insurer coverage decision. Exact nearest-minor rounding with ties away from zero, one caller currency. Caller independently verifies observations, reference edition, units and applicability; not a grading-service certificate, authentication, conservation treatment, actual market price or legal/insurance entitlement.
Description
An insurance valuation allowance can be expressed as an uplift applied to a reference amount.
An insurance valuation allowance can be expressed as an uplift applied to a reference amount.1
This calculator performs the supplied arithmetic in minor currency units without establishing insurance coverage or entitlement.
When to use Insurance Replacement Value Uplift Percent Applier
Use this tool when you need to summarize the supplied collecting records or matched observations. Prepare independently verified observations, reference edition/context, and matching units or currency basis.
How to use Insurance Replacement Value Uplift Percent Applier and understand its results
- Prepare independently verified observations, reference edition/context, and matching units or currency basis.
- Enter baseReplacementMinor, upliftBasisPoints, following the field table and calculation rules below, then run the tool.
- Read estimatedValueMinor. For result objects, inspect the nested output fields below, including any missing evidence or selected indices.
- Correct any input issues and run again. Before using a successful result, review its units, signs, evidence coverage, and stated model or reference assumptions.
| Input field | Meaning | Value type | Requirement |
|---|---|---|---|
| baseReplacementMinor | Base replacement minor; integer minor units in the explicit currency basis. | number | Required |
| upliftBasisPoints | Uplift basis points; one basis point is 0.01 percent. | number | Required |
Require a nonnegative safe-integer base amount and uplift basis points from zero through one hundred thousand. Round base times uplift/10000 to minor units and add to base with checked integer arithmetic. The maximum accepted uplift is one thousand percent, not one hundred percent.
upliftedMinor=baseMinor+roundMinor(baseMinor×upliftBp/10000) Read these symbols with the field meanings and branch or reference rules above.
| Output field | Meaning | Value type |
|---|---|---|
| estimatedValueMinor | Estimated value minor; integer minor units in the explicit currency basis. | number |
Where monetary amounts are used, keep one explicit currency and minor-unit basis; one basis point is 0.01 percent. Monetary integers and exact products must remain in JavaScript’s safe-integer range. Rational rounding uses nearest minor unit with half ties away from zero, rather than binary floating-point rounding. An input called a reference amount does not fetch or establish an actual price.
{
"input": {
"baseReplacementMinor": 10000,
"upliftBasisPoints": 2000
},
"output": {
"estimatedValueMinor": 12000
}
}Limitations and assumptions
Observations, reference edition, and applicability are independently supplied. Arithmetic and reference summaries do not provide authentication, a certified grade, or an actual market price.
Missing required fields, unknown fields, wrong types, and violated calculation rules return input issues. Numeric values must be finite; nonfinite numeric outputs are rejected.
Alternative or Complementary methods
For a related task, use Condition Multiplier Applied Valuation Calculator: A condition multiplier scales a supplied reference amount under an explicit valuation convention. This calculator applies basis points to minor units without determining condition or establishing an actual selling price. For a complementary step, use Estate Probate Discount Value Estimator: An estate valuation discount represents a supplied adjustment to a reference amount. This estimator subtracts a rounded basis-point discount in minor units without establishing a probate valuation.
References
Similar or alternative tools
- Condition Multiplier Applied Valuation Calculator
A condition multiplier scales a supplied reference amount under an explicit valuation convention. This calculator applies basis points to minor units without determining condition or establishing an actual selling price.
- Estate Probate Discount Value Estimator
An estate valuation discount represents a supplied adjustment to a reference amount. This estimator subtracts a rounded basis-point discount in minor units without establishing a probate valuation.