Buying a Forgotten Coast Home During Hurricane Season
Posted by Billy Joe Smiley on
Can a hurricane delay your home closing on Florida's Forgotten Coast?
It can, but it almost never has to. Once a tropical storm or hurricane is named and a watch or warning is issued for any part of Florida, most insurers pause binding new policies until the threat passes, usually 24 to 78 hours later. Because your lender will not fund the loan until the home is insured, an unbound policy is the one thing that can push your closing date. Line up your homeowners, wind, and flood coverage early in your due diligence period and a storm out in the Gulf rarely touches your closing.
By Billy Joe Smiley
Summer and fall are some of my favorite times to put buyers under contract on this coast. Inventory is up, sellers are motivated, and you have…
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