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What you should know about Hurricane season and Spring Texas Real Estate

June 6th, 2008 categories: Home Buyer Information | 5 views

The purpose of this article is NOT to tell you how to prepare for a hurricane because a weather site would offer far better advice than I could. But the purpose is to tell you how hurricane season can delay the closing of your Spring Texas real estate transaction.

Did you know that insurance carriers will not write homeowners / hazard insurance policies on Spring Texas homes when a named storm is in the Gulf? Why? Because insurance carriers do not want to take the risk that they insure your home on Tuesday and on Wednesday you submit a claim.

If a Spring Texas home buyer can not secure hazard insurance due to a named storm, the closing of the home will be delayed until the potential for damage has passed.

Read also:

• Your Spring Texas dream home is in the 100 year flood zone – now what?

Written by Jill Wente

This entry was posted on Friday, June 6th, 2008 at 4:59 pm and is filed under Home Buyer Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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