Tag: Real estate insurance
North Gwinnett Freestanding Sports Bar Restaurant – $2.4m Buildout – Buy or Lease!
by admin on Aug.19, 2010, under Home insurance
North Gwinnett Freestanding Sports Bar Restaurant located in very hi visibility, hi density, hi traffic, middle to very hi income location just off Highway 85. Freestanding 8800/sf on approximately 1.5 acres. Seating for almost 250, patio seats almost 100, with almost 20 seat bar plus an outdoor bar in the patio that seats 12, 10ft x 20ft stage biggest enough for 5-piece band, big game room that pulls in $1500-$2000 a month, state of the art sound system and over a 100 TV’s. Great menu adds to large selection of beers on tap. This is the place in Gwinnett for sports, Nascar, UFC action, Poker, Karaoke and live music nights. Sales are averaging $30,000 per week in 2010 and going strong. -Well established by same Owners for almost 10 years. No expense was sparred to create one of the best sport bar restaurants in Georgia to a tune of over a $2,400,000 Buildout – RE option which includes all furniture, fixtures, equipment, business, real estate and building at $1,500,000. A leasing option exists sat $12,500 per month including real estate insurance and real estate insurance with purchase of business at $425,000.
Insurance Firms Weathering Firestorm
by admin on Aug.10, 2010, under Home insurance
A firefighter trying to quell a forest fire near the village of Verkhnyaya Vereya in the Nizhny Novgorod region. 1 of 2 Despite the thousands of homes destroyed by fires raging throughout central Russia, insurance firms are weathering the disaster as few homes are insured and even fewer claims are made for damaged property. There are 831 registered focal points of the forest fires, the Emergency Situations Ministry said Friday. More than 3,000 people have lost their homes and property, and about 2,000 dwellings have been burned down. The government has promised to compensate every fire victim with 3 million rubles ($100,700), of which 2 million will go toward rebuilding his home and 1 million to infrastructure. About 5 billion rubles have been earmarked from the federal budget for this. And if every victim can count on these payments, then fewer victims will get additional compensation from insurance companies. Insurance payouts are smaller anyway — the average claim for a real estate policy in 2009 was 500,000 rubles ($16,800). Only 7 percent of Russians insure their homes, and only 2 percent get policies for dachas, according to a poll conducted by VTsIOM in September 2009. Of the 60 million homes and apartments in Russia, 8 million are insured, according to Alexei Zubets, head ofRosgosstrakh’s center for strategic research. But the scope of coverage varies highly by region. For example, in the Moscow region and in Tatarstan, real estate insurance coverage is 26 percent and 24 percent, respectively, while 9 percent of the homes in the Volgograd region are insured, 12 percent in Nizhny Novgorod and 9 percent in Rostov-on-Don, Zubets said. Rosgosstrakh, by its own estimates, has a third of the market share, whileRosnohas 8 percent andReso-Garanti— 7 percent. Rosgosstrakh’s share on the market for low-cost homes and dachas is as high as 80 percent, said Pavel Samiyev, deputy head of the Expert rating agency. About 800 structures insured by Rosgosstrakh burned in fires in the Central and Volga federal districts, but no more than one-third of them managed to file a claim, a company spokesperson said. The total damages, according to preliminary data, are estimated at about 200 million rubles. The biggest compensation payments are in the Nizhny Novgorod region. The regional center for claims settlements has already accepted 130 claims, and the listed damage amounts have reached 50 million rubles. The first claims were made last weekend. At the beginning of August, Rosgosstrakh introduced a simplified system for settling claims for the fire victims — they must present their original policies, and the Emergency Situations Ministry’s database is used to confirm eligibility. Insurer VSK has had such a system since July. Even fewer claims have been received by other insurers. “We have so far received only three claims from the forest fires: from the Nizhny Novgorod region, the Ryazan region and the Moscow region for 2 million rubles,” said Artyom Iskra, director of Rosno’s consumer insurance department. Iskra has noticed an increased interest from clients in insuring their dachas. Demand for insuring property in many regions has increased, the Rosgosstrakh spokesperson said. The fires are localized in a few regions, and not nearly all of the buildings in these regions are insured. Most of the risks are concentrated on Rosgosstrakh’s books, therefore the situation is unlikely to strongly affect the loss ratio of the market, Samiyev said. The loss ratio of the whole market may rise 1 percent to 2 percent, while Rosgosstrakh may see a 3 percent to 5 percent rise. Rosgosstrakh’s weekly claims payments are about 1.2 billion rubles — the number is large, but against regular premium collections it can be considered a seasonal deviation, so it is unlikely to affect its financial indicators, the company’s spokesperson said. Agriculture claims may have a bigger effect on the loss ratio of the insurance market, Samiyev said. Insurers so far have not paid anything for these claims, and it will only be possible to evaluate their losses in the fall.
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ranches – What does a Real Estate Agent Do?
by admin on Jul.08, 2010, under Home insurance
One of the good number multipart and big pecuniary dealings in peoples’ lives is the foothold or vending of a back at the ranches or investment property. Because of this complexity and magnitude, inhabit typically seek the help of real estate brokers and sales agents while exchange or advertising real estate.
Commercial Real Estate
by admin on мая.20, 2010, under Home insurance
Farmers Commercial Real Estate insurance coverage provides a comprehensive program to property owners who lease or rent building space used for offices, service businesses, retail stores, light industrial, or light manufacturing. Parking areas may be included in the coverage if used by the building occupant and customers.
Real Estate Insurance Organizations In Florida
by admin on Apr.29, 2010, under Home insurance
With all of the disorder in the Florida property unit insurance sphere, what is the perfect method for you to get the best real estate insurance organizations? For beginners, it’s never been more crucial to have assistance with a private organization eluding the bureaucracy of irrelevant negative companies. While the state of Florida deal with insurance organizations as the method to use later they is offering to take payments lower than market prices and are rivals with the private companies, there are a lot of gale clouds are seen in the sky. Negative companies have stated that it does not ask sufficient fees in its prices to be according to the risk that it is considering. As a consequence the organization has to take finances even before storms occur to keep sufficient finances on hand to repay the coverage. It has sufficient finances to pay for small storms but a great event would send negative organizations into the bond market searching to take finances to repay your coverage. If you are a policy holder of such organization, you will be seeing high particular assessment than those who has property unit insurance coverage in the private property after a great gale. And consequently, such organization has not differentiated itself with rapid and good claim repayments after great gales.
The Problems With Insurance In The Florida Property Market
by admin on Apr.24, 2010, under Home insurance
The spacious harm to houses made by these great storms and the following expenses to insurance organizations was sufficient to drive a lot of insurance out of the condos insurance deals altogether. Those who stayed resolutely made the costs of coverage higher. As a consequence, it has turned to be very complicated to obtain even the very ordinary insurance you require to meet the regulations of the law and of your condos association as a condos possessor. The Florida condos insurance crisis is a present issue. Property unit possessors in Florida are put their efforts against some very stable obstructions in facing the insurance needs for their Florida properties. It has turned to be very complicated to even get an organization that has a desire to cover a property in Florida. Every year a great number of insurance organizations in Florida deny their coverage alternatives for Florida condo units. Companies that really still provide Florida property insurance on those units only reach coverage to these properties that were created to the high building standards after the gale Andrew. At this time, there is solely an average of ten private insurance organizations providing these property insurance in any provided Florida area.