I'm being told, and maybe this is correct, that an appraiser cannot provide a RCV on an individual condo/townhome that is part of a building. Is this true?
If we cannot get a RCV from an appraiser on an individual unit, then how do we determine the RCV? Do we use the value from the Hazard policy? Do we just accept the value stated on the RCBAP?
What if you have an internal appraiser that creates his own calculation of the RCV of the whole building, but it is about $100,000 lower than the Hazard Condo policy, would you be inclined to use the appraiser's calculation or the Hazard Policy?
Always learning something new...