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Level 1
June 6, 2019
Question

How to determine if a flooding loss can be used

  • June 6, 2019
  • 1 reply
  • 8 views
how to know fair market value asked about

1 reply

Level 11
June 6, 2019

Fair market value (fmv) = the value of the asset before the flood.

If it's for a home, you can usually get it on your county's property tax website; it's public knowledge.

If it's a car, you can get it from the contract.