How often is an insurance appraisal required in Florida?

Per Florida Statute 718.111(11)(a), condominium associations are required to obtain an updated independent insurance appraisal (replacement cost valuation) at least once every 36 months.

What is the difference between Market Value and Insurable Value?

Market Value includes land and location value. Insurable Value (Replacement Cost) strictly calculates the cost to rebuild the structure (materials, labor) excluding land, which is required for property insurance in Florida.

Does FPAT use subcontractors for Florida insurance appraisals?

No. FPAT is a 100% in-house Florida firm. We never use subcontractors. All appraisers are direct employees trained specifically in Florida construction costs and building codes.

What is included in a Florida insurance appraisal report?

A professional insurance appraisal in Florida includes a full onsite inspection, structure measurements, and a detailed replacement cost report compliant with state statutes and secondary mortgage market requirements.

Florida Insurance Appraisal Services: Compliant RCV Reports for Condos & HOAs

Property insurance in Florida is in a league of its own. Between soaring premiums, strict underwriting guidelines, and the constant threat of hurricanes, having an accurate Replacement Cost Valuation (RCV) is not just a good idea—it’s a necessity.

FPAT

5.0

Based on 31 reviews

review us on

Jennifer Stanley

17:09 02 Dec 25

Great company to work with on Reserve Studies and wind mitigation. Responsive and fair price.

Response from the owner 19:16 02 Dec 25

Thank you so much for the wonderful 5-star review! 🌟We’re truly grateful you chose FPAT for your Florida condo reserve study and wind mitigation inspection. It’s always a win when clients tell us we were responsive, easy to work with, and delivered fair, transparent pricing—exactly what every board member and property manager deserves when tackling insurance requirements and Florida’s tough building laws.Your feedback means the world to our team, and we’re here anytime you need an updated reserve study, SIRS report, or another wind mitigation report to keep premiums low and compliance locked in.Thanks again for trusting Florida’s condo reserve study experts!— The FPAT Team

Jan Gable

14:37 25 Nov 25

I can’t say enough good things about my experience with FPAT. Scott was our on-site person and, not only was he knowledgeable, but super easy to work with and collaborative. Maddy, in their office, was great as well. I highly recommend them.

Response from the owner 19:20 02 Dec 25

Thank you for this incredible 5-star review—we’re absolutely thrilled to hear it! 🌟Scott and Maddy are rock stars on our team, and we love that you felt their knowledge, collaboration, and genuine care every step of the way. That’s exactly the kind of stress-free, partnership experience we want every Florida condo board and property manager to have when getting their reserve study or SIRS report done right—and on time.Your recommendation means the world to us, and we’re here whenever you need an update, a new Structural Integrity Reserve Study, or help with insurance deadlines.Thank you again for trusting FPAT—Florida’s local condo reserve study experts!— The FPAT Team(Proudly serving condo associations & HOAs across Florida with fast, accurate, and hassle-free reserve studies)

Ian Land

15:57 24 Nov 25

We did a reserve study and it was completed in very quickly due to the HOA's request and was a more than fair price. Will be using them again for reserve studies going forward.

Response from the owner 19:21 02 Dec 25

We love hearing that we could turn your Florida HOA reserve study around lightning-fast to meet your tight deadline, all while keeping pricing fair and transparent. That’s the FPAT promise: fast, accurate reserve studies and SIRS reports without the usual headaches or sticker shock—so you can get back to running your community with total confidence.

Robbie Anderson

17:34 18 Nov 25

Thorough, thoughtful and very detailed. An awesome report for funding and planning.

Response from the owner 16:05 19 Nov 25

Thank you for your fantastic review! We're delighted our thorough, thoughtful, and detailed report was an excellent tool for your funding and planning.Florida condo boards and property managers often deal with insurance demands, SIRS requirements, and hurricane risks, leading to concerns about compliance and costs. At FPAT, we provide expert reserve studies tailored to Florida's regulations and needs.

BePositive

14:06 18 Nov 25

Our condo association has worked with FPAT on a number of projects from our SIRS, wind mitigation and property evaluation. In all projects, we found FPAT to be very thorough in their analysis and reports, very professional and easy to work with. On this last point, they truly listen to your feedback and also challenge us, as the condo association, to ensure we are making the best informed decision. Kudos to FPAT and Eric Dixon, who we worked with diligently on our SIRS.

Response from the owner 16:01 19 Nov 25

Thank you for your wonderful review! We're thrilled to hear how our thorough analysis, professional approach, and collaborative style—truly listening to your feedback while challenging your condo association to make the best decisions—made a difference across your SIRS, wind mitigation, and property evaluation projects. Special thanks for the shoutout to Eric Dixon; his diligence on your SIRS is a perfect example of how we partner with Florida communities like yours.We know the overwhelm all too well: insurance bombshells demanding reserve studies, Florida's harsh weather risks like hurricanes, and strict laws such as Structural Integrity Reserve Studies (SIRS) for taller buildings. It leaves board members and property managers stressed about compliance, surprise costs, and resident safety—thinking, "This shouldn't be so hard." At FPAT, Florida's trusted local experts in reserve studies, we've guided countless HOAs through these hurdles with empathy and deep-rooted authority in the Sunshine State's regulations and challenges.

Leo Kessel

20:17 03 Nov 25

Very knowledgeable, professional and easy to work with in navigating all of the new legislative requirements.

Response from the owner 15:58 19 Nov 25

Thank you, Leo, for your kind words on November 3, 2025! We're glad our knowledgeable and professional team made navigating those new legislative requirements easier and more straightforward for you.We know how overwhelming it can feel when insurance demands and Florida's strict regulations—like Structural Integrity Reserve Studies (SIRS)—pile on the pressure, leaving condo boards and property managers stressed about compliance, surprise costs, and resident safety. At FPAT, Florida's trusted local experts in reserve studies, we've guided countless communities through these challenges, turning frustration into confidence with our deep understanding of hurricanes, HOAs, and state laws.As the go-to reserve study company in Miami, we're here for anyone searching "reserve study near me" in Miami.

Josh Collens

16:49 17 Oct 25

FPAT was outstanding putting together our Reserve Study. Devin was great and very knowledge on how to conduct the study. We are very pleased with the report.

Response from the owner 18:54 17 Oct 25

Thank you for your review! We're delighted that FPAT provided an exceptional reserve study tailored to your requirements. Devin is grateful for the recognition of his deep knowledge in performing the reserve study—comments like yours inspire us to uphold top-tier quality in all our reports. We truly value your confidence in us and are eager to support any upcoming reserve study revisions or additional needs. Feel free to get in touch anytime!1.3s

Woody Kazimierski

19:41 13 Oct 25

FPAT delivered a comprehensive traditional reserve fund and SIRS studies that were clear to understand and easy to follow with relevant maintenance projects. Both reports were done on time with minimal revisions that were promptly completed.

Response from the owner 17:48 15 Oct 25

We’re thrilled to hear about your positive experience with FPAT’s traditional reserve fund and Structural Integrity Reserve Study (SIRS) services! Our team is dedicated to delivering clear, comprehensive, and easy-to-follow reports tailored to meet the unique needs of Florida condo and HOA boards. We understand the stress of navigating insurance requirements and Florida’s strict regulations, so we’re proud to have provided you with timely reports and prompt revisions to ensure your peace of mind.At FPAT, we specialize in helping property managers and board members like you stay compliant and prepared for Florida’s challenges, from hurricanes to SIRS mandates. Your feedback highlights our commitment to excellence and reinforces why we’re Florida’s trusted experts in condo reserve studies.Ready to take the stress out of your next reserve study? Contact FPAT today for a tailored proposal or download our free guide, Understanding Florida’s Reserve Study Requirements, to stay ahead of compliance demands.

Kerry Wells

18:10 13 Oct 25

I have used FPAT for both reserve studies and insurance appraisals. Their staff is professional, responsive and knowledgeable. The reports they produce are comprehensive and easy to understand.

Response from the owner 17:50 15 Oct 25

We’re delighted to hear about your great experience with FPAT’s reserve studies and insurance appraisals! At FPAT, our professional and knowledgeable team is committed to delivering comprehensive, easy-to-understand reports that help Florida condo and HOA board members like you navigate complex requirements with confidence. We know how overwhelming insurance demands and Florida’s regulations can feel, and we’re here to make the process seamless and stress-free.Your trust in us for both reserve studies and insurance appraisals means the world. As Florida’s trusted experts, we’re dedicated to providing responsive service and tailored solutions to keep your community compliant and prepared for any challenge, from hurricanes to SIRS mandates.

Kristen Pileggi

19:15 03 Sep 25

I can not speak highly enough of Maddy! Working in the insurance industry - she is my GO TO with inspections. Super fast, kind, friendly, efficient .. I could go on and on! Whenever I am in need of an commercial wind mitigation inspection I reach out and she replies with the info I need quicker than I can even send the email. 10 Stars if I could!

Response from the owner 17:35 05 Sep 25

Thank you for the glowing review! We’re thrilled to hear about your fantastic experience with Maddy for your commercial wind mitigation inspection needs. At FPAT, we pride ourselves on delivering fast, friendly, and efficient service, and it’s wonderful to know Maddy exemplifies this as your go-to expert in the Reserve Study and insurance industry.Her quick response times and dedication to providing top-notch inspection services are what make FPAT Florida’s trusted choice for condo and HOA reserve studies, including wind mitigation inspections that meet Florida’s strict regulations. We’re here to ensure your property is compliant, safe, and ready for any challenge—without the stress.We truly appreciate your kind words and 10-star enthusiasm! For anyone reading this, contact FPAT today for your commercial wind mitigation inspection or reserve study needs, and experience the same reliable, professional service.

Lisa Cook

14:06 16 Apr 25

FPAT delivered on there commitments to get our HOA renewal insurance appraisal. They were professional and knowledgeable and kind and got it done early. Maddy was extremely helpful explaining what needed to be done and was so smart and nice, even re-explaining things as needed. Excellent communication and customer service.

Response from the owner 16:45 03 Sep 25

Thank you for your wonderful review! We’re thrilled to hear that Fpat.com exceeded your expectations with our professional and timely HOA Reserve Study and insurance appraisal services in Tampa. Our team, especially Maddy, takes pride in delivering clear, knowledgeable guidance to ensure your HOA meets all requirements, including Hb-913 compliance. At Fpat.com, we strive to be the top Reserve Study Company for HOAs and condos, offering expert Condo Reserve Study and SIRS assessments with excellent communication. Your kind words about our customer service mean the world! For anyone seeking a Reserve Study Near Me in Tampa, we’re here to help—contact us today or check our photo “sirs-tampa-florida-structural-inspection.jpg” to see our work in action. Thanks again for choosing Fpat.com!

Tim Copp

01:40 14 Apr 25

Eric Dixon has been a pleasure to deal with as part of our Association's reserve study. Patient, communicative, and helpful.

Response from the owner 16:46 03 Sep 25

Thank you for your fantastic review! We’re delighted to hear that Eric Dixon provided exceptional service during your Association’s Hoa Reserve Study in Orlando. At Fpat.com, our Reserve Study Company is committed to delivering patient, communicative, and helpful support, ensuring your HOA meets Hb-913 and SIRS requirements with ease. Whether you need a Condo Reserve Study or a comprehensive Reserve Study Near Me, our team is here to guide you. Check out our photo “reserve-study-company-orlando-professional-services.jpg” to see our process in action! Your kind words inspire us—contact Fpat.com for expert reserve study services in Orlando or beyond. Thanks for choosing us!

Cindy Patrick

20:26 17 Feb 25

I have been working with FPAT for over a decade. They are very timely and responsive to email. The insurance carries know the integrity this company holds, I have heard them say it. It's when an underwriter see's Felton's name, they don't question the document at all. That is how much trust they have in Felton Professionals.

Response from the owner 17:36 05 Sep 25

We’re deeply honored by your decade-long partnership and heartfelt review! At FPAT, we strive to deliver timely, responsive, and trustworthy service, and it’s incredibly rewarding to hear that our integrity shines through in the eyes of insurance carriers and underwriters. Knowing that Felton Professionals’ name carries such weight in the industry—especially for condo and HOA reserve studies, including Structural Integrity Reserve Studies (SIRS)—fuels our commitment to excellence.

Wendy

18:16 11 Feb 25

Madeline is AMAZING . thank you for all you do

Response from the owner 17:37 05 Sep 25

We’re thrilled to hear your enthusiasm for Madeline’s amazing work! At FPAT, we’re passionate about delivering exceptional service, and Madeline’s dedication to helping Florida condo boards and property managers with reserve studies and commercial wind mitigation inspections truly shines. Thank you for recognizing her efforts to keep your community compliant, safe, and stress-free amidst Florida’s tough regulations and insurance demands.

Lora

17:57 07 Feb 25

Always a pleasure working with FPAT! The entire team is prompt, efficient and very knowledgeable. I will be continuing using their services for years to come!

Response from the owner 18:47 12 Sep 25

Thank you for your glowing review! We're thrilled to hear that our prompt, efficient, and knowledgeable team at FPAT has made your experience a pleasure. As Florida’s trusted experts in condo reserve studies, we’re committed to delivering top-notch service to keep your community compliant and prepared for anything—hurricanes, SIRS regulations, or insurance demands. We look forward to partnering with you for years to come! For anyone needing a reliable reserve study, contact FPAT today to ensure your property’s financial security and peace of mind.

Anastasia Coombs

16:00 05 Feb 25

Jacqueline D-W

15:57 31 Jan 25

FPAT is great! They provide excellent service and are extremely proficient in doing the wind mitigation inspections. I highly recommend!

Response from the owner 18:47 12 Sep 25

We’re delighted to hear that FPAT’s excellent service and expertise in wind mitigation inspections have earned your high recommendation. As Florida’s go-to experts for condo reserve studies and inspections, we’re dedicated to helping board members and property managers like you stay compliant and prepared for Florida’s storms and strict regulations. Ready to secure your property’s future? Contact FPAT today for a tailored wind mitigation or reserve study solution that brings peace of mind!

Jennifer Welton

01:26 30 Jan 25

Maddy at FPAT is always quick to respond and pleasant to work with. The other representatives I've interacted with have also been nice to work with.

Chuck Connell

21:26 29 Jan 25

I worked with Josh for an inspection today. He was professional and communicative, confirming our appointment time and contact numbers in the days prior. This was efficient, convenient and effective for my schedule.

Why Florida Associations Trust FPAT
for Accurate Valuations

At FPAT, we are a leading Florida commercial insurance appraisal company for condo associations dedicated to helping Condominium Associations and HOAs navigate this volatile Florida market. We provide independent, certified appraisals that ensure you are fully covered in the event of a total loss, while preventing you from overpaying for unnecessary coverage.

At FPAT (Felton Professional Adjustment Team), we don’t just guess value; we calculate it using localized data specific to the Florida market. Whether you manage a high-rise in Tampa a garden-style condo in Miami, or an HOA in Daytona Beach, our insurance appraisals provide the precise “Replacement Cost Valuation” (RCV) your insurer requires.

Don’t risk underinsurance. In the wake of recent legislative changes, Florida law demands accuracy.

Expert Note: “Market Value” is not “Replacement Cost.” If your current appraisal is based on what units sell for rather than what it costs to rebuild them, your association could be severely underinsured.

Quickly Estimate Tool

Get instant estimates for hazard insurance compliance under § 718.111(11) using January 2026 market data. Ideal for associations statewide (including Tampa and St. Pete) preparing for SIRS (HB 1021) or wind mitigation credits (Form OIR-B1-1802).

Get Your Estimate

Select Construction Type: Choose your ISO classification (e.g., Frame ISO 1 to Reinforced Concrete ISO 6).
Enter Square Footage: Input your gross floor area.
See Results: Instantly get cost ranges for Average and Premium quality levels.

Note: Results are informational only.

Need an Official Appraisal?

For accurate, fully compliant appraisals, request a free 24-hour proposal from FPAT.

Insurance Replacement Cost Calculator

Florida Condominium Replacement Cost Estimator

Estimate replacement costs for Florida condominium buildings governed by § 718.111(11) for hazard insurance compliance. Estimates are for informational purposes only.

Construction Type:

Frame (ISO 1) - Wood frame walls/supports, wood subfloors, wood roof Joisted Masonry (ISO 2) - Masonry walls/supports, wood subfloors, wood roof Masonry Non-Combustible (ISO 4) - Masonry walls/supports, steel barjoist subfloors, steel barjoist roof deck Reinforced Concrete Frame (ISO 6) - Masonry wall/supports, masonry subfloors, masonry roof deck I Don’t Know

Gross Floor Area:

Help

The gross floor area is the total floor area (measured in square feet or meters) of all floors in the building that you would like considered in your valuation. This includes stairwells and elevator shafts, but does not include areas such as balconies.

A one-story building with exterior wall dimensions of 100' x 100' has a gross floor area of 10,000 square feet. If the same building had three-stories, the gross floor area would be 30,000 square feet. If the first two stories were 10,000 square feet each and the third floor was 5,000 square feet, then the gross floor area would be 25,000 square feet.

Why Florida Associations Need Expert Appraisals

Florida’s insurance market is driven by unique factors that generic national data often misses. Our local appraisers understand the specific challenges of ensuring properties in the Sunshine State.

The FPAT Difference

Why do hundreds of Florida CAMs and Board Members trust us?

100% Florida Focused: We don’t dabble in other states. We are Florida experts. Our team lives and works here, giving us unmatched insight into the specific construction costs of your local market—from Miami high-rises to Panhandle HOAs.
No Subcontractors, Ever: When you hire FPAT, you get FPAT. We never outsource your appraisal to third-party vendors or gig workers. Our certified appraisers are full-time, in-house experts who are accountable directly to you.
Board Meeting Support: We don’t just send a PDF and disappear. Our experts are available to Zoom live into your Board Meeting to present our proposal, explain the valuation findings, or answer questions. We help your Board make informed decisions with confidence.
Unlimited Revisions: Every community is unique. If your report needs adjustments—whether it’s clarifying a building component or updating specific community details—we provide free edits to ensure the final product perfectly fits your association’s specific needs.
Speed & Accuracy: We deliver proposals within 24 hours and final reports typically within 10 business days. We use localized labor and material cost data specific to your zip code, protecting you from co-insurance penalties.

More Than Just Appraisals: Strengthening Your Financial Future

An accurate insurance appraisal is often the first step in a larger financial health check for your association. To fully protect your community, consider how your appraisal connects with your long-term planning:

SIRS Compliance: If you are updating your insurance values, it is the perfect time to review your Structural Integrity Reserve Study (SIRS). We can often bundle these services to save you time and money.
Reserve Studies: Ensure your financial roadmap matches your new appraisal values. Learn more about our Florida Condo Reserve Studies.
Commercial Wind Mitigation: Did you know an updated appraisal combined with a Wind Mitigation Inspection could lower your premiums?

FAQ:
About Condo Appraisals in Florida

What is the difference between a Reserve Study and an Insurance Appraisal?

A Reserve Study is a budget planning tool for future repairs (roof replacement in 15 years). An Insurance Appraisal calculates the total cost to rebuild the building today if it were destroyed. These are two separate reports with different financial goals, though FPAT can perform both for you.

How often should we update our appraisal?

While the law says every 36 months, we recommend an update every 24 months in Florida’s current economy. Rapid inflation in construction materials can leave you underinsured quickly if you wait the full three years.

Does this report help with Windstorm Insurance?

Yes. Your agent needs this report to accurately underwrite your Windstorm and Hazard policies. Without it, they may estimate values that result in higher premiums.

Ready to Update Your Coverage?

Don’t gamble with your community’s financial safety. Get a compliant, accurate valuation from Florida’s trusted experts.

Phone: 866.568.7853
Email: info@fpat.com

February 20, 2026 Insurance Appraisal

HOA Insurance Appraisals | Chapter 720 Compliance Guide

Talk to an Expert 866.568.7853 HOA Insurance Appraisals: Navigating Florida Chapter 720 Understanding Valuation Requirements for Florida Homeowners’ Associations While Florida Statute 718.111 provides a very specific “36-month clock” for Condominiums, the rules for Homeowners’ Associations under Florida Statute Chapter 720 are often viewed as more flexible. However, this flexibility…

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Providing 2026-compliant insurance appraisals for Condos and HOAs across the state.

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We're Available To Have A Conversation

Thank you for considering FPAT for your Tallahassee property inspection needs. We’re looking forward to hearing from you. Please use the links below to get in touch.

We're Available To Have A Conversation

Thank you for considering our company for your property inspection needs. We’re looking forward to hearing from you and about your inspection needs. Please use below links to get in touch with us.

Gary

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Florida Insurance Appraisal Services: Compliant RCV Reports for Condos & HOAs

Property insurance in Florida is in a league of its own. Between soaring premiums, strict underwriting guidelines, and the constant threat of hurricanes, having an accurate Replacement Cost Valuation (RCV) is not just a good idea—it’s a necessity.

Why Florida Associations Trust FPAT
for Accurate Valuations