CITIZENS INSURANCE APPRAISALS

Due to the recent requirement changes by Citizens Insurance, all commercial insurance recipients are now required to obtain appraisals to determine the replacement costs of all insurable structures for insurance underwriting. These replacement cost appraisals are needed to determine the correct insurable coverage amounts, and must be submitted prior to approval and insurance binding.

We have extensive knowledge of the underwriting guidelines and requirements required by Citizens Insurance's underwriting department. This allows our firm to complete quality reports much quicker than the normal appraisal office.

GET A REPLACEMENT COST APPRAISAL 
A replacement cost appraisal can save you hundreds or even thousands of dollars. Citizens Insurance Corp., as well as other insurance companies accept appraisals (see below) and they must have been done within the last 12 months. Also, make sure the appraiser is Florida Certified. HAC has a few appraisers listed below that are charging reduced rates due to the insurance crisis.                                                                                                     "Replacement cost" is the amount needed to repair the damage or to rebuild the home to its pre-loss condition. For insurance purposes, the replacement cost of a home is NOT the market value of the home, its purchase price or the outstanding amount of any mortgage loan. It does not include the value of the land, but is the cost of rebuilding your home.