The following formula is involved in the calculation of insurance reimbursement values:

Insurance reimbursement:
where FVP is the face value of the insurance policy, FMV_{loss} is the fair market value of the loss, FMV_{property} is the fair market value of the property, and CR is the coinsurance rate (i.e., the percentage of the loss borne by the insurer).

The following references can be used to cite this insurance reimbursement calculator:
 Soper, D.S. (2018) "Insurance Reimbursement Calculator (Online Software)", http://www.danielsoper.com/fincalc. 
 Siegel, J. and Shim, J. (1997). "Schaum's Quick Guide to Business Formulas", New York, NY: McGrawHill. 