WSBAR

When Should a Building Insuance Appraisal be Requested

REPRINT FROM THE INTEGRAL NEWSLETTER

 

ü  When the reported value of the building is $500,000 or more

 

ü  When a building constructed before 1981 is 5,000 square feet or more of finished floor area

 

ü  When a building constructed in 1981 or after is 4,000 square feet or more of finished floor area

 

ü  When a building is considered to be “heritage” or was constructed before 1941

 

ü  When a building has had its original occupancy, design converted to another use

 

ü  When a building has 2 or more of the following features or conditions that are applicable: 

·        Radiant Heat (in floor)

·        Custom Glazing

·        Custom Staircases

·        11 or more plumbing fixtures

·        7 or more built in appliances

·        3 or more fireplaces

·        When the building is not within 10% of the weighted average per square foot of finished floor area for the quality submitted

·        When the building has a style submitted that is incorrect