Insurance investors increase property value
The adoption of the law on compulsory insurance of property interests of investors of residential construction will increase cost of 1 sq. m of housing in the amount of insurance tariff - about 3%, said Deputy Director of the Department for regulation and supervision of financial companies Natskomfinuslug Vladislav Жигинас. Revised document was promulgated on October 11. It Natskomfinuslug proposed insurers independently establish the cost of services, though in the summer of recommended insurance rate ranged from 0.5% to 2% of the sum insured. In addition, the insured are asked to read the delay delivery of object in operation for more than six months from the date (previously - over 12 months), defined in the agreement on participation in construction financing Fund. The beneficiary will not be the investor and the management company. The investor will receive the funds only if the object of construction has not been put into operation one year after the stewards of funds from the insurance company. In Ukraine there are 302 of the construction financing Fund, which attracted more than 9.8 billion UAH of more than 13.7 thousand investors.
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