All Condominium Associations in Florida are required to have Replacement Cost Valuations completed every 36 months by Statute:

Florida State Statutes Section 718.111(11)a:
“An association is required to obtain and maintain adequate hazard insurance that is based  upon the replacement cost of insured property, with the full insured value to be determined  by an independent insurance appraisal made at least once every 36 months.”

We offer both Wind and Flood Insurance Valuations, as well as Replacement Cost Valuations for Condominium Associations. This statute applies to ALL Residential Condominium Associations.

The finished report provides replacement valuations on not only the structures, but also site additions as well.  These include swimming pools, tennis courts, fencing and so on.