ICE’s Damien Weldon talks about the impact natural disasters can have on appraisals with Valuation Review

Disaster can strike at a moment’s notice, especially in areas with a higher likelihood of climate-related events occurring. Accurately determining the impact natural disasters have had on a subject property can be challenging, as there are a number of factors to consider when conducting post-disaster property valuations.

At this year’s Valuation Expo conference held in Las Vegas, ICE Valuation Analytics Product Director Damien Weldon was part of a panel discussion on the topic “Disasters, Insurability and Value.” Weldon spoke to October Research’s Valuation Review after the conference to talk further about the impact natural disasters have on appraisals, including the steps appraisers need to take to determine accurate post-disaster values, the difficulty of trying to find reliable comparable sales in the immediate aftermath of a disaster and how accurate post-disaster appraisals help property owners and appraisers make better, more informed decisions.

This interview originally appeared in Valuation Review. Read the full article to learn more about how accurate post-disaster appraisals can help property owners and appraisers make better, more informed decisions.