Competitive insurance bids vs. strategic alliances. (insurance for property management firms)(Insurance Insights): An article from: Journal of Property Management
Book Details
Author(s)Mark Charron
PublisherInstitute of Real Estate Management
ISBN / ASINB00096KO2Y
ISBN-13978B00096KO23
AvailabilityAvailable for download now
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on May 1, 1996. The length of the article is 1267 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Property management firms in need of insurance have a choice between competitive bidding and strategic alliances. In competitive bidding, several competing brokers or insurance companies provide quotations from which property managers can choose. This approach is widely believed to result in the most beneficial coverage proposals and costs for property managers. However, it has drawbacks that need to be considered, including the amount of time needed to complete the bidding process and the uncertainty of the bids. Strategic alliances, on the other hand, are relationships established with the property management firm's current broker or insurance company or both. The advantages of this approach include favorable treatment, financial accuracy and budget stability, while its disadvantages include missing out on opportunities to meet other service providers that offer better deals. Factors to consider in choosing between the two techniques are discussed.
Citation Details
Title: Competitive insurance bids vs. strategic alliances. (insurance for property management firms)(Insurance Insights)
Author: Mark Charron
Publication:Journal of Property Management (Refereed)
Date: May 1, 1996
Publisher: Institute of Real Estate Management
Volume: v61 Issue: n3 Page: p75(3)
Distributed by Thomson Gale
From the supplier: Property management firms in need of insurance have a choice between competitive bidding and strategic alliances. In competitive bidding, several competing brokers or insurance companies provide quotations from which property managers can choose. This approach is widely believed to result in the most beneficial coverage proposals and costs for property managers. However, it has drawbacks that need to be considered, including the amount of time needed to complete the bidding process and the uncertainty of the bids. Strategic alliances, on the other hand, are relationships established with the property management firm's current broker or insurance company or both. The advantages of this approach include favorable treatment, financial accuracy and budget stability, while its disadvantages include missing out on opportunities to meet other service providers that offer better deals. Factors to consider in choosing between the two techniques are discussed.
Citation Details
Title: Competitive insurance bids vs. strategic alliances. (insurance for property management firms)(Insurance Insights)
Author: Mark Charron
Publication:Journal of Property Management (Refereed)
Date: May 1, 1996
Publisher: Institute of Real Estate Management
Volume: v61 Issue: n3 Page: p75(3)
Distributed by Thomson Gale
