Asset management means two different things for damage restoration companies and insurance adjusters. For a damage restoration company, asset management involves identifying the damaged property, equipment, and materials that need to be restored or replaced. For example, this may include conducting a thorough inventory of the damaged property, assessing the extent of the damage, and determining the appropriate restoration or replacement plan. For an insurance adjuster, asset management involves identifying and assessing the value of the assets that have been damaged or lost. As another example, this may include conducting a site inspection to assess the extent of the damage, determining the value of the property or equipment, and evaluating the potential for restoration or replacement. In both cases, proper asset management is critical to the overall goal.