Car Insurance Deals

Manitoba’s Crown-owned insurance company says fewer injury claims will allow it to cheaper premiums for vehicle owners in 2012. Fewer injury claims will allow it to cheaper premiums for vehicle owners in 2012, it is asking the Public Utilities Board for an overaverage 6.8 per cent decrease in car insurance rates for next year, lowering rates on about 900,000 vehicles.

The proposed reduction in premiums is due to fewer car thefts, corporate efficiencies and an expected surplus as a result of fewer long-term injury claims. Recently, an external appointed actuary adjusted the expected future cost of long-term injury claims downward by approximately 20 per cent. “This adjustment resulted in a surplus of $250 million which was returned to Manitobans. This adjustment in past, long-term claims also impacted future forecasts which is largely responsible for the proposed decreased future revenue requirements.”

MPI’s application is approved by the PUB 91 per cent of vehicles will see cheaper basic premiums next year, while 69,186 vehicles (7 per cent) will remain the same and 15,660 (2 per cent) will see higher premiums. Most increases will be less than $50.

The proposed rates would be effective March 1, 2012 but since renewal dates are staggered, some vehicle owners wouldnt enjoy the cheaper rates until February 28, 2013.

MPI says it has requested a 10.3 per cent overaverage decrease to motorcycle rates but moped owners will see their average policy increase from $204 to $249. MPI releaseed a net loss of $22.3 million last year.

Coldwell Banker

Coldwell Banker Ackley Realty needed only 10 minutes less time than shopping for the lowest car rates from a well-known insurance company to broker the sale of the bank-owned Palms Mobile Home Park in DeLand for approximately $119,000.

The lightning-fast transaction between buyer Arnold and Smith Investments and seller Bayview Loan Servicing, LLC was closed several days later, making it one of the fastest real estate sales to be recorded in Volusia County, says Ackley.

The 37-year-old mobile home park had languished on the market for more than a year, drawing very little interest. On May 17, Bayview Loan Servicing assigned the property to Ackley, a bank-owned and REO commercial property specialist who quickly found a buyer for the 4.4-acre property located at 346 Wade Street between N. Woodland Boulevard and Perkins Highway.

It took no more than 10 minutes to explain the details and the buyer agreed to the full asking price, says Ackley. I dont know if this is a record for a real estate transaction but it certainly is the quickest deal Ive ever put together.

Ackley says the buyer was purchasing the park, which features 14 mobile home/RV spaces, as an investment property.

Ackley, whose company was ranked as the top Coldwell Banker associate in 2010 for its size in both Florida and its 14-state Southern Region, has established herself over the years as one of the top commercial property and bank-owned REO specialists in Florida. She works among both local banks and national chains among their Central Florida foreclosure departments and since the beginning of the years has handled the sale of several dozen bank-owned REO properties.

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