When inheriting commercial or residential real estate, one of the first practical concerns that arises is insurance. How much coverage is needed? What does that coverage actually protect? And perhaps most importantly: Is land included in insurable value? This...
Commercial property insurance is designed to help you recover from a covered loss—but only if your values are built correctly. One of the most common questions we hear is: Is land included in insurable value? In Broward County, where market prices can be heavily...
“Insurable value” is meant to answer a practical question: If the building is damaged by a covered loss, what will it cost to rebuild the structure and its permanent components? The confusion starts when owners assume insurable value includes everything connected to...
If you own or manage a commercial building in South Florida, the phrase replacement cost value shows up everywhere—policy declarations, appraisals, lender requirements, renewal questionnaires, and claim discussions. Yet it’s still one of the most misunderstood numbers...
When you’re refinancing, purchasing, or restructuring a commercial loan, lenders commonly ask for documentation proving the property is insured to an appropriate replacement cost (insurable value). The big question is whether they require an “insurable value...
