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Value Substantiation Support Form Name of Insured: Phone Number: Address: Name of Horse: Breed: Height: Sex: Date of Birth: Horse s Use/Level: Purchase Price: Purchase Date: Current Fair Market Value

How to fill out value substantiation support form

How to fill out value substantiation support form:

1. Start by gathering all the necessary information and documents that will be needed to substantiate the value. This may include invoices, receipts, appraisals, or any other relevant paperwork.
2. Begin the form by filling in your personal information, such as your name, contact details, and the date.
3. Next, provide details about the item or service for which you are seeking value substantiation. This could include a description, quantity, price, or any other relevant information.
4. In the following sections, provide evidence to support the value you have claimed. This could involve attaching copies of invoices or receipts that clearly show the purchase price or cost of the item or service.
5. If applicable, include any appraisals or expert opinions that validate the claimed value. These can be particularly important for high-value items or unique services.
6. Review the form carefully to ensure that all the required information has been provided and double-check the supporting documents for accuracy and completeness.

Who needs value substantiation support form:

1. Individuals or businesses who are making insurance claims for lost or damaged items and need to prove the value of those items.
2. Taxpayers who are claiming deductions for business expenses or charitable donations that require value substantiation.
3. Organizations or individuals applying for grants or funding that require evidence of the value of their projects or initiatives.

Remember, the value substantiation support form is typically required in situations where it is necessary to prove the value of an item or service. It helps ensure transparency and accuracy in financial transactions and claims.

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