Commercial Property Insurance

I am in the process of applying for a commercial Insurance Property. I received a breakdown of the finance agreement for the annual premium (over $10K) and the interest rate is 15%.



Is this interest rate typical for the industry? In the past I have merely used individual homeowner policies and the interest rates have been more in the 5% range so I am a bit shocked to see such a high interest rate.



Please let me know if this is in line with what you have experienced with Commercial policies. Should I keep looking or is this all I am going to find?



JS.

Comments(3)

  • smithj223rd October, 2008

    Anyone?

  • Dewdman429th October, 2008

    The main advantage of a mentor is that he/she will hold your hand through a deal or two. You can learn anything you need to know through various books and educational products at a fraction of the cost. But getting past analysis paralysis is what a mentor can help with. Not a bad way to go IF you are in a position to move on deals right now.

  • LeaseOptionKing9th October, 2008

    I let (and encourage) my students to record. Does that mean I have no intellect? LOL
    [addsig]

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