Gulf Beach Condominium suffered both wind and surge damage during Hurricane Ian. There is a small difference between our engineer’s report and the insurance company’s determination. Two engineering firms say that because the cost of repairing the building is greater than 50% of its worth, the building must be rebuilt at the expense of> $6,000,000. The insurance company says that the condominium can be repaired for about $25,000. Needless to say, we have a problem.
Nothing shall be resolved for several months.
Sorry
Sanibel Dwelling License #21-20652