Monday, August 18, 2008
Fay Freezes Homeowner's Insurance
Prior to the news interruptions during your favorite television program, you will find the staff of brokers and processors shouting down the halls of the Premier office to "bind your policies." Closing can be delayed and contracts expired if insurance policies and coverage cannot be obtained prior to the new home purchase. Depending on the carrier, agencies institute a freeze in writing new homeowner's insurance policies based on the hurricane's distance and anticipated path. As hurricane Fay warnings scatter throughout Central Florida, we are now on hold for new policies.
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