Tropical Storm Emily and Home Buyers
By Tim Fennell, Jacksonville Real Estate
(The Legends of Real Estate, REALTORS®)
by TIM on AUGUST 3, 2011 Jacksonville, FL: Wednesday, August 3, 2011How Can Tropical Storm Emily Impact Home Buyers in Florida? Storm track models suggest that Tropical Storm Emily could come right through Jacksonville, Florida. Even if she doesn’t, she can cause problems for home buyers hoping to close on their new home during the next week. Generally speaking, if a company offers homeowner’s automobile or boat insurance, it is available on a year-round basis to applicants who meet underwriting guidelines. But just as a company would not issue a fire policy on a structure already burning, the insurer will not write a new hurricane policy when a hurricane is barreling down on Florida. For those who already own a home and have insurance, many homeowners learn the hard way that their hom...