It’s that time of year again! Hurricane season is here and we’ve already had two named storms. My fingers are crossed that we will be spared anything major this year but I always keep an eye on the weather because of the affect hurricanes and tropical storms can have on real estate deals. The rules have gotten much stricter and if there is a tropical storm or hurricane watch or warning issued by the National Hurricane Center ANYWHERE in the state of Florida, insurance companies cease binding policies completely until it has passed. So if a buyer and seller were ready to close but the buyer hadn’t yet secured insurance and a tropical storm warning gets issued in Jacksonville, the closing would be delayed until that warning gets lifted and insurance gets bound. Insurance policies can be written and bound up to 30 days in advance of a closing, so don’t delay!