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Insurance vs Real Estate
In this world where every decision is scrutinized and every move scrutinized, we find that insurance has become a key tool in the real estate industry, just as how the "insurance" of our financial life has shaped and influenced our lives. Let's take the example of a real estate agent who specializes in house hunting. She would often be asked to compare prices for similar properties. One option could be a luxury home priced at $1 million and a modest house at $500,000. To make a comparison fair, she might want to include things like the state-of-the-art amenities, location, and proximity to schools and public transportation. But when it comes to insurance, there's an entirely different scenario. Imagine a property where the value of one unit is $1 million but the other unit is worth only $500,000. The agent might wonder if the house has suffered enough damage or if another buyer might be interested in buying both units at once. In this situation, insurance wouldn't just cover the cost of repairs and renovations, but also include coverage for any future damage or unforeseen issues that could arise during the transaction. This added layer of protection can make a huge difference in how properties are priced and sold. But let's be honest: Insurance doesn’t always protect buyers as well as it does sellers. Some policies cover things like personal injury claims, but not all. And while insurance may seem to provide safety
