Insurance Research Paper about the Real Estate Development Industry

Insurance about the Real Estate Development Industry - Research Paper exemplaremand pool for truly estate industry has increased due to various reasons of zero tax rules for external investor, strong international and domestic marketing campaigns, high rental on residential prop, residence visa facility by property developer and speculation on short term market gain (Kumar, Agarwal, & Khullar). 2.0 government issue 1. Insurance in Real Estate Industry Real estate property dealers or communal residents need to submit various documents like Police Report of burglary or any kind of unlawful activity caused property loss, report about estimated damage or loss, surveyor report about property pin down and relevant papers required by insurance policy company to get insurance cover. 2.1 Quotation Dhs.1, euchre/- is deducted by insurance company from the claim amount on every loss while credit value depends on the location and building condition of property. Insurance company and r eal estate property developers decide quotation amount after mutual agreement. In accordance with Dubai Islamic Insurance & Reinsurance Co, marriage offer for real estate industry fol low-toneding insurance covers can be used to answer the question. 2.2 Perils cover Under Insurance Building and all inside fixtures are protected by insurance cover, freeing of Rent due to fire accident, Sign Board of the company or any kind of hoarding, bushel metal plate work and glass work inside the building. Standards perils like Fire, Malicious Damage, Storm, Flood, Impact, Earthquake, Riots, Strikes, Lightning Explosion and Bursting of Pipes are also covered by insurance scheme. 2.3 Additional Benefit Additional benefits like Debris Removal, low Architect and Surveyors fees and reimbursing Fire Extinguishing expenses are also offered by some insurer to property developers. 2.4 Perils non Covered Under Insurance Perils... This paper stresses that the present financial crisis may be regarded as a banking crisis, but there are hardly any possibilities of the solvency of the insurance industry. However to a certain existent the insurance industry on a whole has been affected by the ongoing financial crisis. To be more specific the insurance companies which are mainly involved in the real estate insurance also got hugely impacted. Mostly there have been adverse effects were adverse for the companies. The financial crisis had a visible impact on the insurance companies, principally due to their investment portfolio. Meanwhile as the crisis make headway spread, the valuations of the financial market worsened drastically. Apart from that a number of strenuous exposures were also reveled in the figure of speech of market and credit risks.This report makes a conclusion that the real estate insurance companies, during the midst of the crisis goal were finding it difficult to sustain, due to extreme downward pressure. The real estate insurance companies are for the most part large investors and they highly depend upon the long term investment prospect, unlike banks and other financial institutions. owe to the fact that declining household income reduces the demand of various products, similarly the demand of real estate insurance has greatly reduced due to the crisis. Furthermore, the financial crisis has also abridged activities pertaining to real estate. This has automatically minimized the need of the real estate insurances. Thus it can be concluded that the ongoing financial crisis did impacted the insurance companies which insured real estate to a large extant.