Damage Evaluation
/ˈdæmɪdʒ ˌɛvəˈluːeɪʃən/
Definitions
- (n.) The process of assessing the extent and monetary value of harm or loss suffered, typically for legal claims or insurance purposes.
The damage evaluation determined the compensation amount owed to the plaintiff.
Forms
- damage evaluations
Related terms
See also
Commentary
Often conducted by experts, damage evaluation is crucial for quantifying losses to support claims in litigation or insurance; precise documentation enhances enforceability of awards.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.