Insurance Appraisal, Condo Master Policy CFAC in Orlando Florida has mastered the science of producing Insurance Appraisals for Condominium Master Insurance Policy Appraisals. Daniel Peele, RZ 887 is a State Certified General Real Estate Appraiser with 35 years of experience in the appraisal business. The primary data source for the industry is from CoreLogic and is called "Property Express", a web-based app that subscibers purchase. CoreLogic assigns "Codes" to different types of property such as "Code 1335" which is for residential condos without any interior finish included in the cost estimate. The reason for this exclusion is the fact that the interior of each unit is protected by a separate unit-owners policy. A law was passed some years ago that requires the "Condo Association" to have an appraisal on file that in no more than (3) years old which documents the "Replacement Cost New" based on one of three approved cost-est...
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Showing posts from January, 2025