i'm having a home built and i'm told that the only lot that will hold the house has a lot premium.
2006-11-20 10:04:37 · 4 answers · asked by angella t 1 in Business & Finance ➔ Insurance
The lot is considered more desirable, therefore they charge more for it than the standard lot, that difference is the premium...
Basically they're asking for more money.
2006-11-20 10:07:56 · answer #1 · answered by feanor 7 · 0⤊ 0⤋
What Is A Lot Premium
2017-01-12 18:59:31 · answer #2 · answered by ? 4 · 0⤊ 1⤋
"premium" means, extra charge. A "lot premium" means, most likely, a much more expensive lot than it would normally be. Usually that's because it's bigger, or has a better location, but in YOUR case, it might be because your builder is trying to rip you off and sees dollar signs.
It's not insurance related, sorry.
2006-11-21 00:57:44 · answer #3 · answered by Anonymous 7 · 0⤊ 1⤋
what is premium on land that you want to help the owner of the land to develop
2014-01-08 20:10:48 · answer #4 · answered by muyiwaalugo 1 · 0⤊ 0⤋