Under the FEMA 50% Rule, a property can be improved up to 50% of its Net Structure Value after a natural disaster like a hurricane. We have a great deal of experience in these types of property appraisals and are knowledgeable in the application of this often misunderstood rule.
Also, Properties damaged by non-tropical summer storms or wildfire can fall under terms of this rule. If they sustain 50% or more of their pre-disaster, fair market value, they are treated as new structures and must be repaired or rebuilt in accordance with current state and local ordinances. We have the expertise to make these types of difficult appraisals and help you start rebuilding your home as quickly as possible.
Our report includes hard copy proof for the FEMA value permitted component dollar amount value breakdown (i.e., dwelling, attached garages, attached porches, interior fireplaces, etc) as has been required of late by some of the officials in some of the Pinellas cities.
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