StudentShare solutions
Triangle menu

Insurance about the Real Estate Development Industry - Research Paper Example

Nobody downloaded yet

Extract of sample
Insurance about the Real Estate Development Industry

emand pool for real estate industry has increased due to various reasons of zero tax rules for foreign investor, strong international and domestic marketing campaigns, high rental on residential property, residence visa facility by property developer and speculation on short term market gain (Kumar, Agarwal, & Khullar). 2.0 Topic 1. Insurance in Real Estate Industry Real estate property dealers or common residents need to submit various documents like Police Report of burglary or any kind of criminal activity caused property loss, report about estimated damage or loss, surveyor report about property condition and relevant papers required by insurance company to get insurance cover. 2.1 Quotation Dhs.1, 500/- is deducted by insurance company from the claim amount on every loss while quotation value depends on the location and building condition of property. Insurance company and real estate property developers decide quotation amount after mutual agreement. In accordance with Dubai Islamic Insurance & Reinsurance Co, proposal for real estate industry following insurance covers can be used to answer the question. 2.2 Perils Covered Under Insurance Building and all inside fixtures are protected by insurance cover, Loss of Rent due to fire accident, Sign Board of the company or any kind of hoarding, fixed 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 Not 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 extant 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 further spread, the valuations of the financial market worsened drastically. Apart from that a number of strenuous exposures were also reveled in the form of market and credit risks.
This report makes a conclusion that the real estate insurance companies, during the midst of the crisis period were finding it difficult to sustain, due to extreme downward pressure. The real estate insurance companies are generally large investors and they highly depend upon the long term investment prospect, unlike banks and other financial institutions. Owing 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. ...Show more

Summary

This report will try to throw some light on real estate industry of Dubai the second largest emirate in UAE. Dubai has international reputation due to its cosmopolitan nature, multi cultural society, excellent infrastructure, stable political environment and last but not the least the city is business and tourism capital of UAE. …
Author : shemarsmith
Insurance Research Paper about the Real Estate Development Industry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Insurance Research Paper about the Real Estate Development Industry"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Research on China's real estate housing price
There is variation in price depending on the commodity type to be sold, in the property market. Nevertheless, in any decision-making as regards the property market, it is true that the price mechanism should be taken into consideration as a sales determinant; that is the higher the price the lower the rate of purchasing and the reverse is true.
18 pages (4500 words) Research Paper
Real estate industry
Nevertheless, real estate, in technical terms, denotes the land and all its natural parts for example water and trees, as well as all permanently affixed improvements such as buildings, fences, among others. The term real property and real estate are primarily used in common law.
20 pages (5000 words) Research Paper
Quality Insurance Research Paper
Summary of the types of quality tests that should be conducted.………....4 V. Summary of the areas of the application to be tasted………………………5 VI. Summary of the artifacts required for the testing process………………….6 a. Test case………………………………………………….…………6 b.
9 pages (2250 words) Research Paper
Industry Analysis of Real Estate Law
A legal boundary assists in the limiting of a unit of real estate or even the immovable property such as land. This boundary in most cases may appear as a discontinuation especially where there is terrain such as a hedge, a ditch, or a wall.
13 pages (3250 words) Research Paper
Real Estate
Introduction This paper presents a discussion on the differentiation factors between industrial real estate on the one hand and non-industrial real estate on the other, with an intense and thorough look at the case of the Kuwaiti real estate sector. The Kuwaiti real estate sector is seen as exhibiting a trend towards sustained growth from the low that it experienced together with other countries in the Gulf Cooperation Council or GCC in 2008, at the height of the global financial crisis that reached the GCC during that time.
10 pages (2500 words) Research Paper
Major Real Estate Development Risk management and Insurance from the developers position
Risk can be broadly understood as the possibility of something happening that is likely to impact on the various organizational objectives. Through risk, a person or an organization can either gain or lose in a particular undertaking. In this project, I will look at the aspect of risk and its management to a developer in the real estate industry.
15 pages (3750 words) Research Paper
Insurance research paper about the real estate development industry
Economic policy of the city has undergone tremendous strategic and structural revamp in last two decades. The city has been witnessing a GDP growth rate of eleven percent for the last two years while economic policy makers have
8 pages (2000 words) Research Paper
Major Real Estate Development Risk management and Insurance from the developers position
Through risk, a person or an organization can either gain or lose in a particular undertaking. In this project, I will look at the aspect of risk and its management
15 pages (3750 words) Research Paper
Research Paper - Real Estate
On the other hand, stigma in the real estate refers to the adverse public perception about intangible and unquantifiable property. According to Roddewig (1996), the type of risk for contamination can be
1 pages (250 words) Research Paper
Industry Analysis ( Real Estate )
Their property boasts more than 2200 suites and studios which covers short and long stay accommodation requirements (GulfBase, 2015). Birwa is real estate Company that was as a result of contribution of Emir and the
1 pages (250 words) Research Paper
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment
Contact Us