The importance of binding your home owner's insurance asap

Real Estate Agent with Coldwell Banker, Tampa FL BK3029088

When you are trying to narrow down your favorites, it's a great idea to confirm whether or not the home is in a flood zone that requires flood insurance.  Flood insurance can get very pricey, and there is a lot of talk on the news and from insurance companies about flood insurance increasing each year.

Your Tampa Realtor can pull a flood map off the MLS and provide it to you when you're looking at homes.

If you are under contract on your new home, it's a great idea to start getting quotes asap.  Once you have selected the policy and company, ask the insurance company about the benefits of binding your insurance coverage.

If there is a storm brewing and you haven't bound your coverage, your closing could be delayed as your mortgage company will require your insurance to be in place.

Here's also something to think about - Standard homeowners insurance policies do not cover flooding. 

Our Hurricane Season started June 1st and ends on November 30th.

Most flood insurance policies require a 30-day waiting period.

Please let me know if you have any other questions about the home buying process in Tampa Bay.

    --You can search homes freely just on the market as well as price reductions by clicking here


I'm here for you, for your questions, and in each step of your home buying process,

Stephanie LeFew, Tampa Realtor

Coldwell Banker Residential Real Estate, North Tampa Office on N. Dale Mabry

Please call my cell phone if I can help in any way - 813-624-3332


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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hello, Stephanie. This is great advice. I'm sure homeowners will definitely appreciate this. Thanks for sharing!

Nov 22, 2015 12:04 AM #1
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Stephanie - Thanks for reminder on the importance binding home owner's insurance.

Nov 22, 2015 09:09 AM #2
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Stephanie LeFew

Making Real Estate Easy for You-It's all about You
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