Why Accurate, Independent Valuations Matter

Insurance companies and owners associations depend on accurate, supportable valuations when determining coverage levels and renewal limits. While Florida law (Statute §718.111(11)) requires condominium associations to obtain an independent insurance appraisal every 36 months, it does not specify who must perform that appraisal. 

However, most insurers, attorneys, and association managers strongly prefer reports completed by Florida State-Certified appraisers—professionals qualified to perform real estate appraisals in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). 

Across Florida, many companies advertise “insurance appraisals” but lack state certification or USPAP training. Their reports often rely on generic cost tables or outdated assumptions, which can lead to: 

Underinsurance and coverage shortfalls 
When a property is underinsured, the association may be responsible for paying the gap between the insurance coverage and the actual cost to restore or replace the building.

Policy disputes during claims
If a valuation lacks proper support or documentation, insurance carriers may challenge or dispute the claim.

Rejection by lenders or insurance underwriters 
Inaccurate or unverified appraisals can result in rejected loan applications, delayed renewals, or denial of coverage altogether.

Why Edge Realty Advisors

At Edge Realty Advisors, every insurance appraisal is prepared and signed by a Florida State-Certified Residential or General Appraiser—never by consultants, estimators, or unlicensed personnel.

Certified appraisers are bound by USPAP and must: 

Complete advanced education and ongoing training 

Uphold strict ethical and competency standards 

Maintain independence and impartiality

Provide transparent documentation for every valuation 

This level of professionalism ensures your report is credible, compliant, and defensible—whether for underwriting, claims, or legal purposes. 
 
Because Edge Realty Advisors’ reports are prepared by Florida State-Certified appraisers and adhere to Appraisal Institute best practices, they are trusted by insurance carriers and association boards throughout Florida. Licenses can be verified at myfloridalicense.com 
 
Protect your property, your coverage, and your peace of mind—trust certified professionals who meet and exceed industry standards.