What is primarily evaluated during a Partial Loss scenario?

In a Partial Loss scenario, the focus is on assessing the damage that has occurred to the insured property, which does not result in a complete loss of the property. This evaluation is essential in determining how much of the property remains intact and usable, as well as the extent of repair or replacement needed to restore the property to its pre-loss condition.

Understanding partial loss is crucial for both the insurer and the insured, as it impacts the claim process and the calculations for the payout based on the repair costs rather than the value of the entire property. Since the insured property can still have value and usability after the loss, it is important to measure the specific damage and estimate restoration costs rather than considering the situation as a total loss. This approach enables policyholders to receive appropriate compensation for repair costs, which may be less than the value of a full loss scenario.