NFIRS 5.0 Element: ‘Property Loss’
Definition : Estimate of the total property dollar loss
Purpose : Collecting property and content losses illustrates the magnitude of the fire problem, provides an additional indicator of the incident severity, and can be used to evaluate progress in fire protection. This information can help local communities, States, and the country determine the amount of money that should be spent on fire protection.
Estimated property and content losses are also crucial for identifying types of situations where high monetary losses are common. This information helps target fire prevention programs. Loss estimates also can be used to evaluate the cost effectiveness of various equipment and fire protection practices
Estimated property and content losses are also crucial for identifying types of situations where high monetary losses are common. This information helps target fire prevention programs. Loss estimates also can be used to evaluate the cost effectiveness of various equipment and fire protection practices
Entry : Enter the best estimates of dollar losses (required for all fires when obtainable).
Monetary losses should be estimated as accurately as possible, though it is understood that the estimates may be rough approximations. If there was no loss, check or mark the appropriate None box.
In making this entry, use only whole dollars; do not include cents.
A better estimate of losses for a fire often becomes available after the incident report is submitted. Revision of the original estimate should be made as a change entry when better information becomes available, especially for large fires.
Monetary losses should be estimated as accurately as possible, though it is understood that the estimates may be rough approximations. If there was no loss, check or mark the appropriate None box.
In making this entry, use only whole dollars; do not include cents.
A better estimate of losses for a fire often becomes available after the incident report is submitted. Revision of the original estimate should be made as a change entry when better information becomes available, especially for large fires.
Element Specification
| Specification | Value |
|---|---|
| Requirement | Optional |
| Element Type | Numeric – Integer numbers (no decimal points). If the user has not provided information, an empty field should be transmitted. All integer values are assumed to be positive. Any fields which allow a negative integer value have been denoted with ‘+ or –’ in the comment field. Negative numbers should be transmitted with the minus sign preceding the digits. |
Transactions containing ‘Property Loss’
The value of this element is captured by the following transaction :
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NFIRS Codes Cheat Sheet – NFIRS Coding – NFIRS Examples – FDIDs – POCs – NFIRS Transactions – NFIRS Modules – NFIRS Elements – NFIRS Rules – NFIRS Reference – NFIRS Compliant ?
You can also read this NFIRS 5.0 Complete Reference Guide, and NFIRS 5.0 Design Documentation in order to have a deeper understanding of NFIRS 5.0. Here are also NFIRS 5.0 Forms ready for you to download and use.
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Last Updated on May 6, 2023