The Assessment of a Building’s insurable Value using Multivariate Statistics: The Case of the Czech Republic

Abstract

When concluding a property insurance agreement, adjustment of the insured amount poses a certain risk. From the policyholder’s point of view, the risk measure translates into the chosen target amount, which should correspond to the insurable value.

Keywords

• insurable value
• building
• cart algorithm
• regression
• classification tree
• d46
• c40
• r30