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

Author

Listed:
  • Cupal Martin

    (Institute of Forensic Engineering, Brno University of Technology)

  • Sedlačík Marek

    (Faculty of Military Leadership, University of Defence, Brno)

  • Michálek Jaroslav

    (Faculty of Military Leadership, University of Defence, Brno)

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.

Suggested Citation

  • Cupal Martin & Sedlačík Marek & Michálek Jaroslav, 2019. "The Assessment of a Building’s insurable Value using Multivariate Statistics: The Case of the Czech Republic," Real Estate Management and Valuation, Sciendo, vol. 27(3), pages 81-96, September.
    • Handle: RePEc:vrs:remava:v:27:y:2019:i:3:p:81-96:n:7
    DOI: 10.2478/remav-2019-0027
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    References listed on IDEAS

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    More about this item

    Keywords

    insurable value; building; CART algorithm; regression; classification tree;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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