Is there a correlation between the pre-storm value and the estimated cost of damage?
No. The pre-storm value and the estimated cost of damage are calculated independently of each other. The home evaluation provides an estimate of the cost to repair or rebuild the damaged home based on standardized cost allowances. The pre-storm value is the market value, which is what a willing buyer and willing seller may have agreed to as the price of the property and structure prior to the storm. Depending on the market value of the home prior to the storm, the extent of damage, and construction costs, it is possible that the estimated cost of damage as determined by The Road Home will be higher than the pre-storm value.
