The fourth step in the hazard analysis process combines the information from the previous steps to determine an estimate of expected losses from hazards. For the hazards you identified earlier that are most likely to affect your community, you should analyze losses in terms of people, buildings, building contents, critical infrastructure and key resources, and other important assets. Be sure to consider the following types of effects:
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To analyze the losses, you will determine the extent of the damages and then calculate the loss from each hazard event. Be sure that you have the most current property values when you perform this estimation.
The estimation performed in this step enables you to determine which assets could potentially face the most damage and which hazard could bring about the greatest losses. This information will help determine where to focus resources following a hazard to try to lessen the impact on the community.
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