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HomeHard Money LoansHow can Colorado scale back insurance coverage prices?

How can Colorado scale back insurance coverage prices?

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Final week I requested all of you How can the state of Colorado assist scale back insurance coverage prices?  The true property execs have spoken and as you’ll be able to see from the chart above, probably the most chosen response is that  the state of Colorado wants to remain out of the Colorado Insurance coverage market to maintain costs from going from dangerous to worse

What did actual property execs say  about easy methods to scale back insurance coverage prices in Colorado?

I used to be truly a bit stunned that 17% felt {that a} larger push for a public insurance coverage choice was the most effective answer even after we’ve seen disastrous results in California from the identical proposal.  On the flip facet 67% felt the legislature ought to both keep out of the insurance coverage market and/or there’s nothing the legislature can do a method or one other to unravel the insurance coverage disaster in Colorado.

Key insights on how Colorado can scale back insurance coverage charges

Thanks everybody to your participation and insights in my survey.     My key takeaway from this survey is that Colorado is in a troublesome spot with insurance coverage with the bulk considering that the legislature wants to remain out of the insurance coverage market .    We’ll get to see how this all shakes out as our legislature continues to suppose that the one answer to something taking place within the state of Colorado is so as to add an increasing number of laws.  Thanks once more and keep tuned for upcoming surveys 😊

 

Further Studying/Sources:

  1. https://coloradohardmoney.com/colorado-eliminates-private-property-insurance/
  2. https://coloradohardmoney.com/class/survey-results/
  3. https://www.fairviewlending.com/where-should-you-invest-in-real-estate-in-2026/
  4. https://www.fairviewlending.com/fed-drops-rates-why-did-mortgage-rates-barely-budge/
  5. https://www.fairviewlending.com/phantom-debt-soars-what-does-this-mean-for-real-estate-2/
  6. https://www.fairviewlending.com/never-buy-a-residential-condo/
  7. https://www.fairviewlending.com/the-war-on-landlords/
  8. https://www.fairviewlending.com/house-prices-hit-another-record-should-you-even-care/
  9. https://www.fairviewlending.com/root-cause-of-real-estate-price-declines/
  10. https://www.fairviewlending.com/will-real-estate-fall-to-2020-values/

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Fairview is a onerous cash lender specializing in personal cash loans / non-bank actual property loans in Georgia, Colorado, and Florida.  We’re acknowledged within the business because the chief in onerous cash lending/ Non-public Lending with no upfront charges or every other video games.  We fund our personal loans and supply sincere solutions rapidly.  Be taught extra about Onerous Cash Lending by way of our free Onerous Cash Information.  To get began on a mortgage all we want is our easy one web page software (no upfront charges or different video games).

Written by Glen Weinberg, COO/ VP Fairview Industrial Lending.  Glen has been revealed as an professional in onerous cash lending, actual property valuation, financing, and numerous different actual property subjects in Bloomberg, Businessweek ,the Colorado Actual Property Journal, Nationwide Affiliation of Realtors JournalThe Actual Deal actual property information, the CO Biz Journal, The Denver Publish, The Scotsman mortgage dealer information, Mortgage Skilled America and numerous different nationwide publications.

 

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