Loss Measurement
Loss Measurement
The foundation of a successful financial recovery following a catastrophic event is an accurate and timely measurement of loss. From the initial stages of cleanup through the rebuilding process, an applicant is faced with the daunting task of determining and proving their loss to both their insurer and relief granting agencies such as FEMA.
"With regards to property and equipment losses, both FEMA and your insurer will want to know what was lost, when was it purchased, for how much, and today's current replacement cost."
Read Issue OnlineDownload PDF Issue
Key Points and Page Numbers
- Emergency Costs – 2
- Equipment / Stock – 3
- Blanket Policy – 4
- Building / Other Physical Damages – 5, 6
- “As It Was”
- “As It Has To Be”
- “As We Want It To Be”
- Contracts – 7
- Small Purchase Procedures
- Sealed Bids
- Competitive Proposals
- Noncompetitive Proposals