By: Ozzy Murua, Senior Appraiser, Valtrust
Between 2020 and 2024, the U.S. experienced 190 weather and climate disasters, each causing at least $1 billion in damages, with an average of 23 disasters per year (NOAA). In 2024 alone, there were 27 billion-dollar disasters, resulting in an estimated $182.7 billion in total damages.
Since 1980, the cumulative cost of these events has exceeded $2.915 trillion—and the financial impact continues to grow. (NOAA)
With extreme weather events becoming more frequent and costly, ensuring your condo association is properly insured is more important than ever. An accurate property appraisal helps ensure your coverage meets your needs.
Have you reviewed your coverage recently? Let’s talk about it.
Valtrust provides independent, high-quality real estate appraisal services across Florida and the Southeastern U.S., helping condo associations ensure they’re properly insured. Get a FREE quote today at valtrust.com or call 844-822-7825.
Sources:
📌 NOAA – Billion-Dollar Weather and Climate Disasters
📌 NOAA – Hurricane Costs & Impacts
At Valtrust, we are dedicated to providing top-notch service in the commercial real estate market. We invite you to give us a call at 844-822-7825 and dial ext 1 to request a FREE quote.
