With the advent of another hurricane season, insurance agents know the value of having all the properties they write insured to the correct value. But how can you be certain that each property has the proper level of insurance coverage? Additionally, in the current insurance marketplace, many agents are finding it more and more difficult to place properties with carriers without an insurance appraisal.

Obtaining a GAB Robins Insurance Appraisal is your solution. A GAB Robins Insurance Appraisal will:

1. Provide you with accurate replacement cost values for which to insure your properties.
2. Fulfill your fiduciary and due diligence responsibilities by obtaining a third party, unbiased report of values.
3. Assist you in placing the property coverage with a carrier by providing documentation underwriters need to write coverage.
4. Provide cost data documentation to expedite the resolution of a claim in the event of a loss.
5. In most cases, the insurance appraisal fees are paid by the property owner. Therefore the agent gets all the benefits without incurring any cost.

For further information, and a free, no-obligation bid proposal, call 800-248-3376 ext. 379 today. Be sure to ask about our insurance agent discount program.

What is an Insurance Appraisal?

In basic terms an insurance appraisal is a replacement cost analysis that provides an accurate estimate of the amount of insurance required to replace each structure and amenity insured exactly as it stands on the date the report was prepared. The insurance appraisal for residential properties within a flood zone should provide both hazard and flood values. Separate values are provided as the insurable values for flood coverage are higher than for hazard. The reason for this difference is that for hazard coverage most insurance companies do not include the foundations or unit interiors. FEMA, which regulates most flood coverage policies, usually recommends the inclusion of unit interiors and foundations in the insurable value.

It must be noted that the values provided in our appraisals are guaranteed to be accurate at the time the report was produced. Our reports utilize construction plans for the improvements and labor and material costs specific to the properties location. Subsequent renewals of coverage should be based upon updated reports, due to the changes in labor and material cost for the area. An updated report can be obtained for a fraction of the cost of the original, generally $250-500, provided there have been no structural changes to the property.

Another hurricane season is here. Are your properties adequately insured, should a loss occur?