Home Page | » After a fire - Valuing Your Property  |  My Account  |  Cart Contents  |  Checkout | 
We can add your company logo or text on almost all of our products. Please call or email for details
Search
 
Type keywords. At least 3 letters/numbers required.
Survival Supplies
Shipping & Returns
Contact Us
Articles
All Articles (32)
California Earthquake Forecast (1)
Earthquake Preparedness
New York Household Preparedness (7)
Hurricane Information (10)
Bussiness Emergency Plan (7)
Emergency Food Storage Shelf Lif
The Dehydration Process
The Freeze-Dry Process
Wise Food Storage (3)
Emergency Radio
Swine Flu (4)
Partner Sites
Emergency Car Kits
Military Store
Safety Supplies
Promotional Products
Emergency Alerts
Power out as hurricane crosses Bermuda 10/18/2014
Strong 6.0 Earthquake Rocks San Francisco Bay Area 08/24/2014
At least 150 dead after quake hits southwest China 08/03/2014
At least 30 killed as tornadoes Pounds South 04/29/2014
Magnitude 7.5 earthquake strikes off Papua New Guinea 04/19/2014
MAGNITUDE 7.5 EARTHQUAKE STRIKES MEXICO 04/18/2014
Magnitude-8.2 earthquake hits off Chile 04/01/2014
The magnitude 4.4 earthquake struck CA 03/17/2014
A potent threat of major earthquake off California's northern co 03/13/2014
Drought in California 01/29/2014
Tornadoes, damaging storms sweep across Midwest 11/17/2013
Strongest typhoon of the year hits Philippines 11/08/2013
7.3 magnitude earthquake hits Japan 10/25/2013
The death toll from an earthquake in the Philippines rose to 144 10/17/2013
After a fire - Valuing Your Property

You will encounter different viewpoints on the value of your property in adjusting your fire loss or in claiming a casualty loss on your federal income tax. Knowing the following terms will help you understand the process used to determine the value of your fire loss:

  • Your personal valuation: Your personal loss of goods through fire may be difficult to measure. These personal items have SENTIMENTAL VALUE to you; however, it is objective measures of value that you, the insurer, and the Internal Revenue Service will use as a common ground for discussion. Some of these objective measures are discussed below.
  • Cost when purchased: This is an important element in establishing an item's final value. Receipts will help verify the cost price.
  • Fair market value before the fire: This concept is also expressed as ACTUAL CASH VALUE. This is what you could have received for the item if you had sold it the day before the fire. The price would reflect its cost at purchase minus the wear it had sustained since purchase. Depreciation is the formal term used to express the amount of value an item loses over a period of time.
  • Value after the fire: This is sometimes called the item's salvage value.

Restoration Services

There are companies that specialize in the restoration of fire damaged tructures. Whether you or your insurer employs this type of service, be clear of who will pay. Be sure to request an estimate of cost for the work. Before any company is hired check their references. These companies provide a range of services that may include some or all of the following:

  • securing the site against further damage
  • estimating structural damage
  • repairing structural damage
  • estimating the cost to repair or renew items of personal property
  • packing, transportation, and storage of household items
  • securing appropriate cleaning or repair subcontractors
  • storing repaired items until needed
Continue

Our Customers

Shopping Cart
0 items
Information
Testimonials
Custom Auto Kits
Custom Logo Imprint
Car Emergency Phone
WHY PREPARE ?
Emergency Kits
Natural Disasters
Earthquake Survival
Earthquake Survial Tips
Flood Preparedness
Tornado Preparedness
Hurricane Preparedness
Thunderstorms Preparedness
Winter Storm Preparedness
Surviving Heat
Landslides Preparedness
Surviving Tsunamis
Fire Survival
Wildfire Survival
Volcano Survival
Hazardous Materials Incidents
Household Chemical Emergencies
Nuclear Power Plants
Terrorism
Explosion Survival
Survival Bio Terrorism
Survival Chemical Atack
Surviving Nuclear Blast
Dirty Bomb Atack
Homeland Security
Disaster Recovery
Disaster Kit Check List
About Fire: The Nature of Fire
Home Fire Prevention
Bedroom Fire Safety
Heating Fire Safety
Electrical Fire Safety
Holiday Fire Prevention
Smoke Alarms
The Dangers of Carbon Monoxide
Portable Generator Hazards
Escape Planning
Afer a fire - The First 24 Hours
Replacing Documents & Records
After a fire - Valuing Your Property
First Aid Kits
Discount First Aid Kits
Emergency Preparedness
Emergency Preparedness - State by State
Homeland Security Grant Program
24/7/365 Roadside assistance Program
Art work guide
Privacy Policy
Links
Resources
Site Map

CLASSIC - MOBILE View

Copyright © 2003-2013 www.survival-supply.com