N.A.R. Call To Action Regarding Terrorism Risk Insurance Act of 2014

N.A.R. Call To Action Regarding Terrorism Risk Insurance Act of 2014

N.A.R. is asking for all the REALTORS® help extend the Terrorism Risk Insurance Program created following the September 11, 2001 terrorist attacks. When private insurers withdrew from the terrorism insurance market, construction projects group to a halt and commercial property values dropped. The Commercial Real Estate market simply can't afford the uncertainty an expiration of the Terrorism Risk Insurance Program would create.

Fortunately there is bipartisan legislation, unanimously approved by the Senate Banking Committee,  that takes a balanced approach to renewing the program created by the Terrorism Risk Insurance Act of 2002 (TRIA) pending the United States Senate.  S.2244 the "Terrorism Risk Insurance Program Reauthorization Act of 2014," renews TRIA for seven years, providing certainty in the market that terrorism insurance will be available at affordable rates through the year 2021.  In addition, it has a Congressional Budget Office score of "zero."  

****Urge your Senator to vote yes on S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, when the Senate votes on it later this week.

(click on the blue link above which takes you to the NAR site). 

Without affordable and available terrorism insurance, commercial real estate financing would be thrown into flux, premium rates would increase dramatically and many commercial properties throughout the country would lose significant value.  Take action now to protect Commercial Real Estate.

Go to the Link provided by NAR and if you fill in the info on the right side and submit, you will get this response.

Thank you, for taking action!

Thanks for Reading my Real Estate Blog.........

Kristin Hamilton DRE #014092138 Keller Williams Realty – I am a full time agent and deal in all types of real estate transactions. Trusts, Probate, Short Sales, Standard Listing, Single Family Homes, Apartments 1-4 units, Duplexes and Condos. I am also an experienced REO agent. I sell real estate in the Riverside, San Bernardino, Orange, and Los Angeles Counties. I am a trained and experienced Short Sale agent. If you are looking for a professional and experienced agent, I am just a click away. Google me at Kristin Hamilton-Real Estate Agent. Homeowners and Buyers both will find my services top notch and successful. Call me to sell your home; both traditional and short sales.

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