Once in a while when I am asked to appraise the insurable value for a condominium association, the board is greatly upset over the values my appraisal work revealed. The …
Category: CAM Library
Insurance Replacement Valuation for a Special Purpose Property
Once in a blue moon, it will happen to all of us appraisers: Appraising a special purpose property, or let’s call it an “oddball”. For market value appraisals there are …
My carport costs how much?
An often underestimated cost condominium and homeowner’s associations face are the costs for carports. Nowadays carports have composite roofs, which is comprised of two layers of aluminum with a minimum …
How to determine your HO-6 coverage
Recently I was asked to appraise a high rise condominium building and as usual I met with representatives of the board to discuss issues about the subject property. During the …
Learn to compare Bids for Appraisal Reports
If your condominium association is self-managed your board will have to get bids for services like maintenance, roof repairs, pool services etc. without the help of a property management. One …
Why every Insurance Appraisal should contain the Flood Map Information
Flood Maps are issued and maintained by FEMA, therefore let us see first what FEMA is all about and why this agency regulates flood zone maps: The Federal Emergency Management …
Different Flood Zones – different foundations
In one of my recent posts I wrote about the Coastal Construction Control Line (CCCL) and the different building requirements in this zone as well as in the A and …
Construction seaward of the Coastal Construction Control Line (CCCL)
In an Insurance Appraisal it is important to find out, if the subject property is located seaward of the CCCL, because the reconstruction most likely will be burdened by the …
Citizens sets Standards for Insurance Appraisals
Citizens sets Standards for Insurance Appraisals With its agent technical bulleting issued in July of 2010, Citizens raised the bar for the quality of insurance appraisals which every condo association …
Who may prepare an Appraisal Report?
Usually the public does not know, who may and who may not prepare and sign an appraisal report. In Florida we have three different appraiser ranks, all regulated by the …
Insurance Appraisal Updates
Update or not Update – that is the question; and if an update how often should it be done and foremost important what should it look like? Many of my …
Good Insurance Reports make the Insurance Agents’s life easier
Florida law requires condominium associations to have an appraisal prepared every three years to establish the insurable value of the building and site improvements. Two professionals serve the association to …