Estimate potential settlements for freight damage claims using goods value, damage percentage, and deductible.
Formula
const value = Math.max(0, Number(inputs.totalValueOfGoods || 0)); const pct = Math.max(0, Math.min(100, Number(inputs.percentageOfDamage || 0))); const ded = Math.max(0, Number(inputs.deductible || 0)); const calculatedSettlement = Math.max(0, Math.round((value * (pct / 100) - ded) * 100) / 100); return { calculatedSettlement };Total Value of Goods
0
Percentage of Damage
0
Deductible Amount
0
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With default values (value $0, damage 0%, deductible $0), the calculated settlement is $0. Larger inputs will produce proportionally larger calculated settlement amounts.
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The estimate combines Total Value of Goods, Percentage of Damage, Deductible Amount and returns Calculated Settlement Amount.
If the result changes your decision, verify the current quote, rate, eligibility rule, or provider term before acting.
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This calculator produces informational estimates only. It does not constitute legal advice, does not create an attorney-client relationship, and should not be relied upon for legal decisions. Laws vary by jurisdiction. Consult a qualified attorney for your specific situation.
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Reviewed by the CalculateThis.ai editorial team. Updates: check back for latest parameters. Tools are for estimation only — verify with current provider terms.