Optimization of Multi-Premise Buildings - How to Save $ 13,000 a Year by a Nice Patent That Reduces Insurance Costs - Master Policy Plan
Continuing to withdraw from the property optimization, we mentioned that we started at $ 19,000 a year, the value of a property in the event of a $ 1.9 million fire - that is, if the property is burned is what we get, and a $ 25000 deductible in the event of damage
This is the company the property came from. Most investors would stop here and say - okay, that's what there is ...
Not us!
As mentioned, we sent offers to over 20 companies, we were already able to reach a deductible of $ 10,000, the value of the property in case of a fire in 2.9 million and a cost of $ 11000 a month, until….
I was able to connect with a company that accepts Master Plan - so what is Master Plan? There are management companies that insure all their buildings under a unified policy and thus receive a big discount - that is, where you start from scratch with one building, you earn by joining such a management company tens of thousands of dollars - so how much did we save our investors a year? Five minutes ago, we were approved for the following policy:
- $ 6048 a year! ($ 12952 annual savings, Or every month $ 1079 per pocket) - and that without even installing sprinklers or screams! (If we install, we'll earn even more)
- Only $ 1000 deductible! (Remember the $ 25000 ???)
- Property value in case of fire of 3.2 million - that is, the property is burned - we get almost twice the insurance costing $ 19000 a year! - Why it matters - New buildings are built according to up-to-date code and their construction costs are more expensive - for example, disabled access - if your Replacement Costs do not cover this - you cannot build a new one in the existing one. For you, a fire in the building (as long as there is no harm to people) is a clean profit for a new building worth $ 3.2 million!
In the meantime, we have also lowered the management company costs from 10 percent to 7 percent and we haven't finished it yet - a post on optimizing management companies and the questionnaire we will send to you soon, and we'll move on to taxes - as I showed you in New York City Taxes from $ 17000 to $ 9000 for a Private Home - We will do the same, only for our investors' buildings.
Optimization of Multi-Premise Buildings - How to Save $ 13,000 a Year by a Nice Patent That Reduces Insurance Costs - Master Policy Plan
Continuing to withdraw insurance optimization on the property, let's mention that we started at $ 19,000 a year, a property value in the event of a $ 1.9 million fire - that is, if the property is burned is what we get, and a $ 25,000 deductible in the event of damage
This is the company the property came from. Most investors would stop here and say - Uri, that's what…
Not us!
As mentioned, we have sent offers to more than 20 companies, we have already managed a net deductible of $ 10,000, a property value in case of fire 2.9 million and a cost of $ 11000 a month, until…
I was able to connect with a company that accepts Master Plan - so what is Master Plan? There are management companies that insure all their buildings under a unified policy and thus receive a big discount - that is, where you start from scratch with one building, you earn by joining such a management company tens of thousands of dollars - so how much did we save our investors a year? Five minutes ago, we were approved for the following policy:
$ 6048 a year! ($ 12952 annual savings, or $ 1079 per pocket each month) - and that is without even installing a sprinkler system or screaming! (If we install, we'll earn even more)
Only $1000 deductible! (Remember the $25000???)
The value of a property in the event of a $ 3.2 million fire - that is, the property is burned - will be almost twice as much as the insurance that costs $ 19,000 a year! - Why it matters - New buildings are built according to up-to-date code and their construction costs are more expensive - for example, handicap access - if your Replacement Costs don't cover this - you can't build a new one in the existing one . For you, a fire in the building (as long as there is no harm to people) is a net benefit of a new building worth $ 3.2 million!
In the meantime, we also lowered the management company's costs from 10 percent to 7 percent and we haven't finished it yet - a post on optimizing management companies and the questionnaire we will send to you soon, and we'll move on to taxes - as I showed you in New York City Taxes from $ 17000 to $ 9000 for a Private Home - We will do the same, only for our investors' buildings.
By the way after further testing the cheaper company has a market value of $ 2 billion and works in 20 countries - the so-called multi-state company, and the much more expensive one worth $ 250 million and works in only three countries in the region - so in this case the discounts are actually from the company And strong and not the other way around - interesting - I would expect the opposite answer that this is a small company that tries to compete with the big ones in price but after testing the opposite is true - so it turned out that it is both a third of the price and stronger. There is a site that allows you to test the strength of companies - the agent brought me - I will search and publish.
Has the above insurance company been examined in terms of the percentage of claims paid versus the rate of deferred claims? Duration of claim cases? Financial strength? Exposure to a specific market? and so'
You can always find cheap policies, the main question is whether it will be by you when you really need it, hoping you don't need it of course
Well done… Do you think it is possible to do the same for a similar multi-single concept, ie through a management company and get better conditions
Amazing for Lior, professionalism and uniqueness for her name. Well done!!
WOW 🙂