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The following strategies and tools can be a great starting point for cash-strapped CEOs looking to kickstart their marketing programs on the cheap.More >> The following strategies and tools can be a great starting point for cash-strapped CEOs looking to kickstart their marketing programs on the cheap.More >> We're one step closer to mandatory online sales tax collection. Next, the bill moves to the House.More >> We're one step closer to mandatory online sales tax collection. Next, the bill moves to the House.More >> Now that nearly a decade has passed since the housing market peaked, what lessons can investors and banks learn from the banking crisis brought on by the Great Recession?More >> Now that nearly a decade has passed since the housing market peaked, what lessons can investors and banks learn from the banking crisis brought on by the Great Recession?More >> Real success takes discipline and methodology. Here are eight things the most successful people are meticulous about getting right.More >> Real success takes discipline and methodology. Here are eight things the most successful people are meticulous about getting right.More >> While pursuing an MBA comes with its own set of challenges, an MBA can be a valuable asset on the path to a better career for young professionals with clear career goals and realistic expectations.More >> While pursuing an MBA comes with its own set of challenges, an MBA can be a valuable asset on the path to a better career for young professionals with clear career goals and realistic expectations.More >> Construction leads the way, but the recovery is affecting a broader base of businesses, according to a new study.More >> Construction leads the way, but the recovery is affecting a broader base of businesses, according to a new study.More >> A new HubSpot survey proves inbound marketing is a hands down winner in customer attraction. Here are seven tips on how to drive customers to your door.More >> A new HubSpot survey proves inbound marketing is a hands down winner in customer attraction. Here are seven tips on how to drive customers to your door.More >> In an age when billion has become the new million, which unexpected folks have joined the ranks of the billionaire club?More >> In an age when billion has become the new million, which unexpected folks have joined the ranks of the billionaire club?More >> The House of Representatives settled on an 11th-hour agreement that averted widespread tax increases and spending cuts that were set to kick in Jan. 1.More >> The House of Representatives settled on an 11th-hour agreement that averted widespread tax increases and spending cuts that were set to kick in Jan. 1.More >> Avis has announced that it will purchase high-tech car-sharing company Zipcar for around $500 million.More >> Avis has announced that it will purchase high-tech car-sharing company Zipcar for around $500 million. The deal is expected to greatly increase the availability of Zipcar vehicles for customers.More >>
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Property damage valuation is an art form that may require the services of a professional or expert appraiser. If the property has been completely destroyed so that it is of no further use and has no salvage value, the measure of damages can be set at the fair market value of the property immediately before its loss. Generally, an injured party may recover for the loss or harm - both present and prospective - which are the natural, necessary or reasonable result of such damage.
If the property can be repaired, the amount of damages can be set at the amount it costs to repair the property plus the loss of its use by the owner. If the cost to repair the property exceeds the fair market value of the property before loss, the damages can be limited to the fair market value. In addition to the cost to repair or replace plus loss of use, interest and loss of profits may also be added as elements of damages.
With respect to punitive damages, the amount is often determined after an inquiry reveals the wealth of the wrong-doer. For example, punitive damages in the amount of $10,000 is typically sufficient to deter similar acts or omissions for most people - but if the wrong-doer is a multi-millionaire, a $10,000 punitive damage award may be an insufficient deterrence. An award of damages that is the result of passion or prejudice on the part of a jury - meaning that the award is not supported by the evidence or that it does not bear any correlation to the amount of actual damages suffered - can be set aside by a judge upon review.
