Did you know that as a named tropical storm or hurricane approaches Florida most insurance companies will suspend writing homeowner policies until the storm has passed? Often the suspension remains in place for a couple of days after as well. The storm doesn't have to be headed directly toward
the area of your new home and there are no regulations governing how long before or after the storm insurers can suspend issuing policies. How does that affect you? If you are financing your new home your lender requires that you have homeowner insurance before closing. If your insurer can't issue your policy because of a storm 'on the grid,' your len...