MIAMI—Hurricane season is in full swing. That means now is the time for commercial real estate owners to make sure they are in compliance.

Most commercial real estate insurance policies require owners to carry insurance of at least 80% of the property’s value or risk penalties. That may seem like an easy task on the surface, but it can be complex given property value fluctuations—especially in South Florida.

GlobeSt.com caught up with Philippe Lieberman, a founding member of the law firm Kluger Kaplan in Miami, who has represented a number of property owners in dispute with their insurance carriers. Lieberman recommends commercial real estate owners err on the side of caution when assessing the value of their properties. We caught up with him to discuss what commercial real estate owners should know about their insurance before the damage happens.