Providing compensation to multiple individual wildfire victims, including families and businesses, and certain other parties with wildfire-related claims is a lengthy process.
Fire victims may have claims arising from both economic and non-economic damages caused by destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, personal injury or death and related medical expenses, and emotional distress.
What an economist cannot do is the following: Quantify emotional distress. Emotional Distress claims include claims for mental anguish that you experienced fearing for your safety or the safety of your family while evacuating or sheltering-in-place during the Fire or from the loss of use or substantial interference with the use of or enjoyment of your property as a result of the Fire.
On the other hand, damages caused by destruction or damage to real estate and personal property, additional living expenses, lost wages, business losses, personal injury or death and related medical expenses can be quantified by a qualified expert economist.
Legal guidelines are mapped out under 3903F. for Damage to Real Property. 3903G. for Loss of Use of Real Property. 3903K. for Loss or Destruction of Personal Property and 3903N. for Lost Profits.
The followings are examples of business income loss.
Lost revenues, inventory, commercial vehicles and other contents on behalf of a business affected by the Fire. These losses may also include increased business expenses stemming from those losses. For purposes of classifying a claim. If you are a sole owner, best documents that can assist an expert are taxes on a Form 1040 with a Schedule C, E or F that lists expenses.
Personal Income Loss claims are those that relate to lost wages affected by the Fire. You
will need to provide the following information for a job you held as of the date of the Fire, for which you are seeking compensation for lost wages related to the Fire.
Here are questions an expert economist will want to be answered.
Employer Information. For each Job, the following information about the employer: (1) Employer Name; (2) Employment Start Date; (3) Employment End Date; (3) Length of time out of work