Do you know how much it will cost to rebuild?

We Do

Prestar Services is the Florida Insurance Appraisal* Experts.

About Prestar Services

Florida Insurance Appraisal* Specialists. Prestar Services has significant experience in Florida insurance appraisals* and offers replacement cost valuations for all types of properties.

We are proud to have worked with thousands of condominium associations, homeowner associations, small business owners, real estate developers, commercial businesses, retail businesses, and property management companies. If you can build it, we can value it.

Florida is a state with unique insurance needs, and we know our stuff. We prepare your replacement cost reports to ensure your appraisals are accurate, complete, and informative. Most importantly, we make them easy to read and understand.

Our Services

I am New to The Board

We are often contacted by new board members of a condo association or HOA who sheepishly tell us they were asked to “Get quotes for an updated appraisal”. From our experience less than 1 in 100 people in Florida know what this means. Don’t feel bad! Contact us and let us know you need Appraisal 101. We can explain the entire process to you, and offer some tips to make you sound like a pro at your next meeting.

Our Customers are Everywhere

We serve Alachua, Brevard, Broward, Charlotte, Collier, DeSoto, Glades, Hardee, Hendry, Highlands, Hillsborough, Indian River, Lee, Manatee, Martin, Miami-Dade, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, and St. Lucie.

Once a Customer Always a Customer

We know that condo boards, master communities, co-op apartment owners, and property managers change frequently. Some are better than others at keeping their insurance appraisals up to date. Past customers are always customers – even if we haven’t talked since we opened our doors in 2006 – we welcome you back with discounts!

Frequently Asked Questions

What is an insurance appraisal?

The short answer: It is a report that assists you setting your insurance limits correctly, so if your property is ever damaged, that it is built back to its original state.

The longer answer: An insurance appraisal involves a property inspection and valuation report.  The report helps property managers, boards of directors, and individual property owners ensure their interests are properly insured.

The common lingo that is used is “insurance appraisal”, but actually the correct term is “insurable replacement cost valuation”.  Insurance Underwriters, Agents, Property Managers use the terms interchangeably.

Current insurance appraisal reports provide oversight for managers and boards to make sure property is not over insured.  Over-insurance does not pay off.  It only causes you to pay inflated, unnecessary insurance premiums. In addition, reports identify when a building or community is under insured and would not be entirely covered in the event of a loss.

Prestar’s replacement appraisals will aid those ‘shopping’ or ‘looking around’ for insurance quotes from multiple agents.  This way when you get a quote from an agent it is based on the real replacement cost, not an estimate.

Depending on the type of property, owners or people with real estate investments should have a replacement cost appraisal from a third party, such as Prestar Inspection Services, before going through the underwriting process of a policy.

In Florida statute 718.111, often called the “condominium law” requires that condominiums have their property appraised at least every 36 months (and also uses the term “Appraisal”)

Why would I need an insurance appraisal?

Replacement costs are derived by calculating the cost of building materials, fees, and labor. All of these factors change continuously. For a very simple comparison, you could buy a carton of eggs at the store for 99 cents three years ago. Now the same eggs cost $2.79.

If you are a condominium in the state of Florida, Statute 718.111 says that an is required to be done at least every 36 months to ensure that the buildings are insured properly.  Condominium board members should be aware that Banks will not close on a loan on a condominium if the association’s appraisal is expired.

If you are not a condominium, you can get an appraisal at any time, however, in the event of a loss, you will likely be underinsured if you have not had your replacement costs reviewed.

What are your qualifications?

Prestar Services has been doing insurance appraisals in Florida since 2006. Our leadership team is well trained and seasoned in the insurable replacement cost estimating field for well over twenty years. Our dedicated staff have been in place since we opened our doors, and came to us fully trained with expertise in the profession.

Underwriting guidelines vary between insurers, but our reports are accepted by all the carriers in Florida. We are fully insured to meet any requirements you may have as our customer. We have limits of $1 million for automotive liability, we have $1 million (with a $2 million general aggregate) for general liability, and a $1 million-dollar workers compensation policy covers all our employees. Finally, we carry a $1 million-dollar professional liability policy, which is not common in our field, and protects you, our customer.

We have a better business bureau score of A+, with no complaints filed.

We have are certified and trained in Core Logic Marshall & Swift, the software that does the intricate calculations behind our reports.

Get In Touch

1700 66th St N 202

St. Petersburg, FL 33710

Tel: 727-345-8400
Fax: 727-345-8411