July 28th, 2011 
Jennifer Mackay It’s the time of the year when the Panama City area watches the weather very closely for tropical storms and hurricanes heading our way.
As a reminder to my buys and sellers, pay your insurance premiums and add coverage BEFORE an announcement of a tropical storm or hurricane.
Thanks to Kathy Holman for providing the following…
Once a storm gets into the Gulf of Mexico & within a certain distance of land, Insurance companies will no longer bind insurance.
Once that happens, lending requires evidence of bound insurance & proof of payment (cannot collect at close).
Please keep your insurance agent in the loop regarding your purchase so they can be aware of timing & we don’t get stuck.
Posted in 
Tags: 
Wow. Of all the things that always seem to trip up a deal. Not being able to get insurance because a storm is off shore would not be one that I would think of. Up here in the North we don’t have anything like that, but our winters are brutal! Great post. Very interesting.
Hi Sulli – lol can I call you that?
Yes, your winters are way too harsh for me.
We have to be careful during Hurricane season – it has hurt several deals over the past few years. Mostly however, we can over come this by delaying the closing until the storm passes.
Best wishes