“…Most methods and models are based on replacement and/or recovery value of buildings and their contents: Multi-Colored Manual developed in the UK [11], HAZUS-MH model (USA) [12], FLEMO models (Germany) [16,23], INSYDE model (Italy) [21], case studies from Italy [24,25], a Japan study [26], and an Australian model [27]. The market value of the assets was the basis for the models from Italy [24,25,28], the Croatian model [14], and the Greek case study [29]. The values are taken from insurance data [25,30], statistical data and censuses [14,16,31], expert assessments [25], the real estate market, and other market price sources [24,25].…”