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To: Fuzz

You mean like the difference between listed on financials and insurance? Insurance would include furnishings and fixtures so it would be higher for insurance.


15 posted on 10/03/2023 10:53:19 AM PDT by McGavin999 ( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore……)
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To: McGavin999

No. Not what I mean.


18 posted on 10/03/2023 10:54:56 AM PDT by Fuzz (. )
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To: McGavin999
The value of a commercial property should be LOWER for insurance.

A luxury residential building in NYC may be worth $400 million. Call it Trump Tower or Trump Park or Trump Plaza, and it might be worth $600 million because people will pay a premium to live there.

The insurance policy will be based on the value of repairing or replacing a $400 million building, not a $400 million building plus the $200 million “brand” value.

28 posted on 10/03/2023 11:02:27 AM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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