Found 2 blog entries tagged as Flood insurance.

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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What Do Cape San Blas Buyers Need to Know About CBRA Flood Zones and Insurance?

The majority of Cape San Blas sits within a Coastal Barrier Resources Act (CBRA) zone, which means properties there cannot be insured through FEMA's National Flood Insurance Program. Private flood insurance is the only option, and costs vary significantly by flood zone: Zone VE (Gulf-front, wave action) typically runs $5,000 to $20,000 or more per year on a high-value coastal property, Zone AE (bayfront, lower-lying parcels) runs $2,000 to $10,000, and Zone X (low risk, elevated) runs $400 to $1,200 with no mandatory requirement. Knowing the flood zone, the CBRA status, and whether a LOMA might apply before you make an offer means the insurance picture is expected…

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