What does Damage Assessment mean? Read on to discover the definition & meaning of the term Damage Assessment - to help you better understand the language used in insurance policies.
Preliminary but fairly accurate onsite evaluation of damage or loss caused by an accident or natural event before filing a formal claim or disaster declaration. Damage assessment records the extent of damage, what can be replaced, restored, or salvaged, and time required for their execution.
We hope the you have a better understanding of the meaning of Damage Assessment.