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glo22855
New Member

How to determine if a flooding loss can be used

how to know fair market value asked about
1 Reply
CherylW
Level 3

How to determine if a flooding loss can be used

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.

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