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"Sample" Condo Master Policy Insurance Appraisal 

Click here to see a "Sample" Condominium Master Policy "Insurance Appraisal"

Click here for an "Overview" Article from FCAP re: Condominium Master Policy "Insurance Appraisal"

Core Logic developed an industry standard software called "Property Express" which produces a "Detailed Valuation Report".  We subscribe to this internet-based software

Condominium Master Insurance Policy

When do I need an appraisal?  

Florida law requires residential condo associations to maintain an Insurance Appraisal that is no more than (3) years old.

CFAC has performed hundreds of Insurance Appraisals over the years for condominiums located throughout central Florida.  


Required Insurance Appraisals for Florida Condominium Associations


By Shane Smith on December 13, 2017


For many condominium association boards of directors, the fall months are considered “budget season” because this is the time the board members and property manager work together to produce a budget for the start of the new fiscal year in January. While condominium association budgets address a variety of things, property insurance is one significant line item that cannot be overlooked.


As part of property insurance, one item that all Florida associations must consider for their budgets is the cost for an insurance appraisal that determines the “full insurable value” or “replacement cost” of the association property.

Florida Statutes 718.111(11)(a) requires all condominium associations to have “adequate” hazard insurance. To comply with the statute, a condominium association is required to have an insurance appraisal of the condominium property at least once every 36 months (3 years):

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