Property Damage Valuation Worksheet

PROPERTY DAMAGE VALUATION WORKSHEET

Case Name: [________________________________]
Case/Claim Number: [________________________________]
Date of Loss: [__/__/____]
Date Prepared: [__/__/____]
Prepared By: [________________________________]

SECTION 1: CLAIMANT INFORMATION

Property Owner Name: [________________________________]
Address: [________________________________]
City/State/ZIP: [________________________________]
Phone: [________________________________]
Email: [________________________________]

SECTION 2: PROPERTY CLASSIFICATION

Type of Property Damaged (check all that apply):

Real Property:
☐ Residential Structure
☐ Commercial Structure
☐ Industrial Property
☐ Land/Ground
☐ Improvements/Fixtures
☐ Landscaping/Trees
☐ Fencing/Walls
☐ Other Real Property: [________________________________]

Personal Property:
☐ Motor Vehicle
☐ Household Goods/Furniture
☐ Electronics/Appliances
☐ Jewelry/Valuables
☐ Business Equipment
☐ Inventory/Stock
☐ Clothing/Personal Items
☐ Other Personal Property: [________________________________]

SECTION 3: VALUATION METHOD SELECTION

Applicable Valuation Standard:

☐ Repair Cost - Cost to restore property to pre-loss condition
☐ Replacement Cost Value (RCV) - Cost to replace with like kind and quality
☐ Actual Cash Value (ACV) - Replacement cost minus depreciation
☐ Fair Market Value (FMV) - Price willing buyer would pay willing seller
☐ Diminution in Value - Reduction in FMV due to damage
☐ Loss of Use Value - Value of property during repair period

Jurisdiction-Specific Rule:

State: [____]
Applicable Rule: [________________________________]

Note: Most jurisdictions apply the "lesser of" rule - damages are the lesser of: (1) cost to repair, or (2) diminution in fair market value. If repair cost exceeds fair market value, damages are typically limited to FMV.

SECTION 4: REAL PROPERTY DAMAGE CALCULATION

A. Pre-Loss Property Value

B. Cost to Repair

Average Repair Cost Estimate: $ [________________]

C. Post-Loss Property Value

D. Diminution in Value Calculation

E. Real Property Damage Summary

SECTION 5: PERSONAL PROPERTY DAMAGE CALCULATION

A. Itemized Personal Property List

B. Replacement Cost Valuation

C. Depreciation Calculation (for ACV)

Depreciation Formula: (Age ÷ Useful Life) × Replacement Cost = Depreciation Amount
ACV Formula: Replacement Cost - Depreciation = Actual Cash Value

SECTION 6: MOTOR VEHICLE DAMAGE CALCULATION

Vehicle Year/Make/Model: [________________________________]
VIN: [________________________________]
Mileage at Time of Loss: [________________]

A. Pre-Accident Value

B. Total Loss Determination

☐ Total Loss (Repair Cost exceeds threshold)
☐ Repairable (Repair Cost below threshold)

C. If Total Loss:

D. If Repairable:

E. Diminished Value (if applicable):

SECTION 7: LOSS OF USE DAMAGES

A. Real Property Loss of Use

B. Vehicle Loss of Use

SECTION 8: ADDITIONAL DAMAGES

SECTION 9: PROPERTY DAMAGE SUMMARY

SECTION 10: SUPPORTING DOCUMENTATION CHECKLIST

☐ Property deed/title
☐ Pre-loss photographs
☐ Post-loss photographs
☐ Repair estimates (minimum 2-3)
☐ Professional appraisal
☐ Tax assessment records
☐ Purchase receipts/invoices
☐ Vehicle title and registration
☐ NADA/KBB printouts
☐ Rental receipts
☐ Storage/towing receipts
☐ Insurance policy declarations
☐ Prior appraisals
☐ Comparable sales data
☐ Other: [________________________________]

SECTION 11: NOTES AND SPECIAL CONSIDERATIONS

[________________________________]
[________________________________]
[________________________________]
[________________________________]
[________________________________]

CERTIFICATION

I certify that the information provided in this worksheet is true and accurate to the best of my knowledge. I understand that this worksheet is for settlement calculation purposes and that actual recovery may differ based on legal and evidentiary considerations.

Signature: ________________________________________ Date: [__/__/____]

Print Name: [________________________________]

Title/Capacity: [________________________________]

SOURCES AND REFERENCES

• Restatement (Second) of Torts §§ 927-928 (Property Damage Measures)
• Uniform Commercial Code § 2-714
• NADA Guides: https://www.nadaguides.com
• Kelley Blue Book: https://www.kbb.com
• State-specific valuation rules vary; consult local counsel

This worksheet is provided for informational purposes only. Property valuation is fact-specific and may require professional appraisal. Legal counsel should be consulted regarding applicable law in your jurisdiction.