french horizons property

Think about all the factors that are taken into account when the cost of all property premiums taken into account. Of course, the main concerns of any kind of insurance is required, the amount of risk are companies when it comes to granting a policy, the longer the policy is risky, the more costly the policy. This is the way the insurance industry operates, and it has been for some time.

Since the attacks on the World Trade Center on 11 September 2001 the cost of commercial property has begun to scale up. Other events have not improved this situation, including Hurricane Rita and the more devastating Hurricane Katrina. It seems that the commercial property insurance is not nearly as solid an investment since it was in the past. This is reflected in the ever-rising insurance premiums, which is a problem in the industry. After all, the commercial property insurance is necessary, no matter what the cost. Commercial property loans are not granted without the insurance and that has something of a dilemma in the economy.

The fact that commercial property has continued to increase, it is very difficult on the economy, because the charges are made, changed, deleted, changed and about the needs of the average insured person.

About the Terrorism Risk Insurance Act extension:

Also known as TRIEA, Terrorism Risk Insurance Act extension has a kind of gap insurance for owners, it is necessary to ensure the insurance against terrorism on their properties. This is important because many insurers find it difficult to take out insurance for such a high risk of danger, and it is important, both for mortgages and loans companies and owners to be against all kinds of acts or threats.

At the end of the year 2007, a substantial change will take place, the terrorism Risk Insurance Extension Act expires, change the face of the post-911 insurance industry forever. It was in place, because there was a new niche for insurance not covered, that the risk of terrorism. For this reason, Congress is re legislation on insurance, including the validity and necessity of the Terrorism Risk Insurance Act.

After a federal terrorism insurance in place is important because without it, private commercial property is hardly affordable, creating an economic dilemma. In certain areas of the United States, the opportunity costs appropriately commercial property insurance would be drastically reduced, allowing problems in the economy and possibly leading to a serious economic slowdown.

Each of the distance, in the real estate industry should understand what a crucial role of the property on the property. In the same vein, with a healthy real estate market is crucial to a healthy economy.

There are virtually none, without the other, and that is why real estate agents and the CCIM urge legislators to a federal program available to a species that many of them hope to expand the Terrorism Risk Insurance Act in force to prevent harm to property arising from acts of terrorism or damages arising from foreign attacks or other acts of war.

From now on, the future of the Terrorism Risk Insurance Act extension is at stake. Active members of the community property should be forced to act now, or the risk that the federal catastrophic insurance is revoked, so that certain problems, both now and in the immediate future.

It is up to Congress and the Bush administration to decide whether or not TRIEA is re-enacted, and this is the future of the health of the real estate market in the United States. It is the hope of many that the legislature will be able to see the importance of such a federal insurance in the real estate industry and its importance in the entire United States economy.

Published on: ISNAR Free Article Directory http://www.isnare.com
Permanent Link: http://www.isnare.com/?aid=180477&ca=Business