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: Florida Hurricane Insurance
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 …
Does your building need an ISO inspection?
First, let me clarify what ISO stands for: The Insurance Services Office (ISO) is a leading source of information for risk management in the insurance industry. ISO provides information for …
After having $718 million approved in rate increases Florida insurers found an additional way to squeeze money from policyholders
The recent rate increases approved by the Florida Legislator is not enough for the ever-hungry insurance industry. The latest twist is a reevaluation of the hurricane risk zones in the …