Haoleman
04-27-2004, 05:34 PM
I , in doing more research talked to CLA and they said that the area I am looking in is saturated and they are not writing any more policies in the Gulf coast. I was referred to a local company and was told that since the facility that I was looking at is unattended and is 24-7, I would have to be insured by a non standard company (assigned risk) and the premimums might be 2-3 times as much as a standard policy. In doing some of my due diligence here, I question whether the added expense would make the facility worth purchasing as the bottom line might be reduced by an additional 20% and the seller just reduced the price on the business. If anyone has any suggestions here, please let me know as I must decide whether to make an offer or move on to something else.