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.
GAB Robins Insurance Appraisal is your solution. A GAB Robins Insurance
- Provide you
with accurate replacement cost values for which to insure your
- Fulfill your
fiduciary and due diligence responsibilities by obtaining a third
party, unbiased report of values.
- Assist you
in placing the property coverage with a carrier by providing documentation
underwriters need to write coverage.
- Provide cost
data documentation to expedite the resolution of a claim in the
event of a loss.
- In most cases,
the insurance appraisal fees are paid by the property owner. Therefore
the agent gets all the benefits without incurring any cost.
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.
Needs Insurance Appraisals?
Golf and Tennis Clubs
Hotels and Resorts
Bed and Breakfast Inns
Schools and Universities
Theaters and Museums
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.
hurricane season is here. Are your properties adequately insured,
should a loss occur?