Business Details
28 Years
experience
Accurate Replacement Cost Estimates for HOAs & Condominium Associations
Worthy & Company & Company was founded to address the critical need for precise insurance valuations in commercial real estate. With over 25 years of expertise in commercial appraisal services, we specialize in delivering replacement cost estimates that ensure condominium associations and homeowners associations maintain adequate insurance coverage. Our team utilizes industry-leading cost estimating software and collaborates with local contractors to provide accurate, up-to-date valuations. We maintain strict adherence to ethical standards while staying current with evolving building codes and regulations. Our founder, a State-Certified General Real Estate Appraiser since 1998, brings extensive experience in market value appraisals and insurance valuations across Brevard, Indian River, and Volusia Counties.We pride ourselves on combining technical expertise with personalized service to meet our clients' specific needs. Our work has earned recognition as expert witness testimony in multiple judicial circuits. We continuously invest in professional development to maintain our position at the forefront of appraisal methodology and industry best practices. Our commitment to excellence ensures clients receive reliable data that protects their investments while optimizing insurance costs.
Services
Replacement Cost Estimates
Insurance Valuations
Condominium Association Appraisals
Homeowners Association Appraisals
Expert Witness Services
Details
- Year established: 1998
Highlights and features
- 25 years of commercial real estate appraisal experience
- State-certified general real estate appraiser on staff
- Recognized expert witness in multiple judicial circuits
- Collaboration with local contractors for accurate cost data
- Adherence to highest professional ethics standards
Services
Replacement Cost Estimates
We provide precise replacement cost estimates using industry-leading software and local construction data. Our valuations ensure adequate insurance coverage while preventing overpayment of premiums. Our methodology incorporates current building codes and material costs.
Insurance Valuations
Specialized insurance valuations for condominium and homeowners associations. Our assessments identify proper coverage amounts to meet legal requirements while protecting common elements. We consult with local experts for accurate cost projections.
Condominium Association Appraisals
Tailored appraisal services for condominium associations. We evaluate common elements and specialized components to determine accurate replacement costs. Our reports help associations maintain compliance with Florida statutes and insurance requirements.
Expert Witness Services
Court-recognized expert witness services in real estate appraisal matters. Our founder provides professional testimony in judicial circuits across three Florida counties. Services include report preparation and courtroom testimony for property valuation disputes.
Market Value Appraisals
Comprehensive market value appraisals for commercial properties. Our certified appraisers analyze comparable sales and market conditions to determine accurate property values. Services support insurance, financing, and legal requirements.
People
Bonnie Bedell
State-Certified General Real Estate Appraiser
Certified appraiser with 25 years of commercial real estate experience. Florida license holder since 1998. Expert in insurance valuations and replacement cost estimates. Recognized court expert in three judicial circuits. Bachelor's degree in Business Administration from Florida Atlantic University.
Questions
Why do I need a professional appraisal for insurance?
Professional appraisals ensure proper insurance coverage that meets legal requirements while avoiding overpayment of premiums. Underinsurance risks uncovered losses, while overinsurance wastes money on unnecessary coverage.
How do you determine replacement costs?
We use industry-standard software, consult local contractors, and analyze current building codes. Our methodology incorporates specialized components and regional construction practices for accurate cost projections.
What areas do you serve?
We specialize in Brevard, Indian River, and Volusia Counties. Our local expertise ensures accurate valuations that reflect regional construction costs and regulatory requirements.
What makes your appraisals different?
Our combination of 25+ years experience, state certification, and local contractor collaboration provides unparalleled accuracy. We maintain expert witness recognition and adhere to strict ethical standards.
