If you own a home or commercial property in Florida, you know hurricane season isn’t just about boarding up windows—it’s also about making sure your insurance is in place before a storm forms. Waiting until the last minute can put you at risk financially and even delay important real estate closings.
The Problem: Insurance Moratoriums
When a storm becomes a threat, carriers issue moratoriums—temporary pauses on writing new policies or making changes. If you haven’t bound your homeowners or commercial property insurance, you may not be able to until the moratorium is lifted. For buyers and sellers, this often means delayed or failed closings since lenders require proof of insurance before funding.
Don’t Forget Flood Insurance
Standard property insurance doesn’t cover flooding, yet most hurricane damage involves water. Flood insurance policies typically have a waiting period, so you can’t buy it at the last second. Binding early ensures your property and investment are fully protected.
Best Practices for Florida Property Owners
- Start early: Review coverage at the start of hurricane season, not when a storm is on the radar.
- Work with a trusted agent: The best insurance agents in Florida help you navigate moratoriums and coverage gaps.
- Cover all risks: Make sure your plan includes wind, hurricane deductibles, and flood.
Protecting What Matters Most
Binding coverage early is more than a technicality—it protects your property, your family, and your peace of mind. Whether you’re buying a home, expanding your real estate portfolio, or reviewing your business policies, securing homeowners or commercial property insurance in Florida before storm season peaks is the smartest move you can make.