Insurance Replacement Appraisals Insurance appraisals are very common in the State of Florida and are based on State and industry requirements which may be different than a normal appraisal cost approach. At First American Valuation we have completed numerous such reports on residential, commercial and condominium projects. All our certified appraisers are Marshall Swift Certified to complete these type reports. Full Replacement Cost Estimate – applicable to Flood Insurance Coverage Replacement Cost Less Exclusions – applicable to Hazard and Wind Storm Coverage Insurable Depreciated Replacement Cost Estimates – applicable to Hazard and Wind Storm Coverage It’s very important to make sure the estimates that are being provided match the type of coverage or combination of coverage’s being requested. Who Needs an Insurance Appraisal? Insurance agents, property managers, property owners, condominium and homeowner associations must have an accurate insurance appraisal to properly cover the cost of replacing a structure without paying for excessive coverage. Why is First American Valuation Qualified to Complete an Insurance Appraisal? The appraisers at First American Valuation have been completing appraisals for over 30 years. All are Certified Appraisers by the State of Florida and are also Marshall & Swift Certified Appraisers. Our appraisers have several years experience in construction cost valuation in the South Florida Area. Without a properly completed valuation by a qualified appraiser, it could be an expensive situation in the case of a loss. It would also create considerable liability on the part of agents, managers and associations. Sample reports are available upon request.