Evaluation of Flood Losses to Buildings: Effect of Room Dimensions

Abstract

Currently, the use of loss curves is largely limited, since they are usually based only on a few selected parameters. As a result, the amount of estimated losses may not fully correspond to the real costs of restoring the building to its original condition. The aim of the presented research is to determine whether the factor of room dimensions has a significant effect on the amount of unit flood loss on a building. It has been found that this effect may have a significant impact on the evaluation of flood loss on the level of a single room using loss curves. Therefore, it is concluded that this issue should be examined further to establish its significance on the level of whole buildings in order to increase the accuracy of flood loss evaluations carried out by insurance companies.

Currently, the use of loss curves is largely limited, since they are usually based only on a few selected parameters. As a result, the amount of estimated losses may not fully correspond to the real costs of restoring the building to its original condition. The aim of the presented research is to determine whether the factor of room dimensions has a significant effect on the amount of unit flood loss on a building. It has been found that this effect may have a significant impact on the evaluation of flood loss on the level of a single room using loss curves. Therefore, it is concluded that this issue should be examined further to establish its significance on the level of whole buildings in order to increase the accuracy of flood loss evaluations carried out by insurance companies.