Flood Insurance is Vital

This article illustrates from today's Palm Beach Post once again the dangers of going without flood insurance. The Federal Government subsidizes the flood insurance program, thus making premiums very affordable. Flood insurance in high risk areas are much more affordable than standard homeowners insurance and premiums in preferred zones are only $348 for $250,000 in coverage. E-mail me today at p_mcnama@bellsouth.net to find out more about flood insurance.

Tropical Depression #7

Once again South Florida should be on the alert- we are now in the cone of uncertainty of Tropical Depression #7 (soon to be Tropical Storm Gustav). Tropical Storm warning have already be issued for Haiti and South Florida is in the 5 day cone. Click Here to link to the National Hurricane Center and track the storm.

Flood Insurance

Tropical Storm Fay has illustrated why it is so important for Floridians to have flood insurance. All of Florida is in a flood zone- it is just to what degree your home is in one. Flood insurance is relatively cheap and can be purchased from just about any licensed insurance agent. There is however a 30 day waiting period before a flood insurance policy goes in to effect. So the earliest you can purchase a flood insurance as of today is September 21. To purchase a flood insurance policy please e-mail you contact information to p_mcnama@bellsouth.net

Deductible's for Tropical Storm Fay

Because Tropical Storm Fay did not reach hurricane status, the All other Perils deductible will apply for homeowners insurance policies instead of the higher hurricane deductible. Julie Patel outlines this in today's Sun-Sentinel.

Binding Moritorium

As many of you know, insurance companies will not bind policies when your area is under a Tropical Storm watch or warning or Hurricane Watch or Warning. This article from today's Sun-Sentinel reiterates this point and how it may effect Realtors. As the storm has passed, I already have a few companies lifting the binding restrictions with business getting back to normal.

Tropical Storm Fay Forms

The National Hurricane Center during its 5:00pm advisory announced the formation of the season's 6th named storm- Tropical Storm Fay. Interests in South Florida need to pay particular attention to storm's path as South Florida is now in the "cone". Keep checking the National Hurricane Center for updates.

Hurricane Season Getting Active

As we enter the busiest portion of hurricane season, the Tropics are beginning to get very active. This is the latest image from the National Hurricane Center. The enter east coast of the United States should begin paying attention to the forecast. The first disturbance is forecast to make a northern turn at the Bahamas- possibly as a hurricane. This would mean while South Florida would be spared, the rest of the East Coast could be in the path of this storm. Stay tuned and continue to check the updates from the National Hurricane Center.