What is the primary purpose of a damage appraisal?

The primary purpose of a damage appraisal is to assess the extent and value of property damage. This process involves a detailed evaluation of the physical damage to a property, determining how much of the property has been affected and estimating the costs required for repairs or replacements. This information is critical for insurance claims, legal disputes, and financial assessments.

By accurately assessing both the extent of damage and the value, appraisers provide insurance companies, property owners, and other stakeholders with necessary information to make informed decisions regarding compensation and restoration. This focus on evaluating damage makes it essential in navigating property loss and recovery scenarios.

The other choices, while related to property and its financial aspects, serve different purposes and do not align with the core function of a damage appraisal. Establishing ownership, increasing resale value, or providing tax assessments encompasses broader real estate topics beyond the specific aim of appraising damages.