Tampa Real Estate Sizzle…Your Best Source for Tampa Real Estate, Tampa Neighborhoods, South Tampa Real Estate, Florida Condominiums and The Latest News on The International Real Estate Market
Jackie Colson-Miller
Direct - (813)629-5757
Toni Everett Company
5000 Bayshore Blvd
Tampa, FL 33611
My Profile
Email Me
Contact me to Buy or Sell Your Home
My Opinion
KudoSurf Me!
Tampa Real Estate Posts
Translate The Sizzle
Go To My Homepage
- Real Estate Resources
- TAMPA HOME SEARCH
- Tampa Real Estate Listings via email
- BUYING A HOME IN TAMPA?
- Tampa Neighborhoods
- Luxury Homes in Tampa
- State of Florida website
- International Real Estate
- Search For Schools in Tampa
- Tampa School Information
- FREE TAMPA REAL ESTATE REPORTS
- SELLING YOUR HOME?
- How Much is My Home in Tampa Worth?
- City of Tampa
- HOME PRODUCTS
- Golf Courses in Tampa
- World Properties
- Short Sales and Foreclosures in Tampa
- Commercial Property
- My Website
- Tampa Information and Weather
- Sizzle Favorites
- What Is Storm Surge?
- The Best Steakhouse in Tampa
- 10 Changes to the FAR Contract and How they will Affect You
- Why Buy an Umbrella Policy?
- Find A Topic
- "Where to Find"
- 4 Hour Work Week
- Appliances
- Architecture
- Ask Jackie A Question
- Best Places
- Best Places in Tampa
- Best Question Winner
- Blog
- Books to Read
- Buyers
- Buying a House in Tampa
- CDD in Tampa
- Celebrity Homes inTampa
- Channelside Tampa
- Cheval Homes
- Clearwater Beach Real Estate
- Condo Foreclosures
- Construction
- Davis Islands Real Estate
- Disclosure
- Ethics
- First-Time Homebuyers
- Flood Insurance
- Flood Zones in Tampa
- Florida Beachfront property
- Florida Condominiums
- Florida Contract
- Florida Real Estate
- Florida Real Estate Law
- Fluff
- Fun and Frolic
- Gated Communities in Tampa
- Golf course communities in Tampa
- Green houses
- Health Insurance
- Historic Tampa
- Homestead Exemption
- How to
- Hunter's Green Homes
- Hurricane Preparedness
- Hyde Park Real Estate
- Insurance
- International Real Estate
- Internet
- Jackie Colson-Miller
- Luxury Homes in Tampa
- MacDill AFB
- Markets and Shoppng
- MLS Listings in Tampa
- MLS Search
- mortgage news
- Moving to Tampa
- Pet Friendly Tampa
- Places to Live
- Poll
- Project Blogger
- Property Taxes in Florida
- Real Estate Blogs
- Real Estate News
- Real Estate Trends
- Relocation
- Restaurants in Tampa
- Schools in Tampa
- Sellers
- Services
- Shopping in Tampa
- Short Sale
- Single Parent News
- Sizzle Snacks
- South Tampa
- Tampa
- Tampa Condos
- Tampa Foreclosures
- Tampa Home Search
- Tampa MLS Listings
- Tampa Neighborhoods
- Tampa Real Estate
- Tampa Real Estate Agent
- Tampa Real Estate Market
- Tampa Schools
- Things to do in Tampa
- Things to Ponder
- Topics
- Travel
- Ventana Tampa
- Waterfront Homes in Tampa
- Westchase
- Westshore Yacht Club
- Where is Jackie Now?
- Archives
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
“We’re In The Cone”…”It’s In The Box”…How a Hurricane Track Affects Your Tampa Real Estate Closing
A little lesson about “Boxes”, “Cones” and other “Hurricane Lingo” that can affect closing on your home in Tampa, or anywhere in the State of Florida.
Tampa was lucky last week, as Tropical Storm Fay zig-zagged her way across the State of Florida, dumping over 20 inches of rain in some areas, we barely got a sprinkle! While parts of the State are still flooded, yet another storm, Hurricane Gustav is already aiming for the Gulf of Mexico.
Why is that important to anyone buying a home in Tampa, or anywhere in Florida, over the next week, or so? If you overheard any Real Estate agents chatting over lunch today, the conversation might have gone something like this….Realtor A: ”What’s going on with Gustav?”… Realtor B: “It should be in the “Box” later today. Realtor C: “Are we in the “Cone”? Realtor A: “Not at this point, but we need to watch it, because we are on the East Side of the “Cone” right now and that is not good. Cone? Box? What, on earth, does all of that mean to the homebuyer coming from out of State where “hail” is the worst natural disaster they have ever seen!
Look at the illustration to the right. This is a tracking map of the 5-day projected path, as “predicted” as of 2 pm Wednesday, from NOAA. For the first time, this shows the West Coast of Florida is now in the “Cone”. Any area in the Cone may be affected by the storm, so Floridians need to keep an eye on it. Any one closing on a home in Florida, during the next few days, who has not yet secured homeowner’s insurance is likely not going to be able to.
WHY? All insurance binding is suspended when a storm is in the “Box” (see below), the “boxed area in the Atlantic and Gulf regions, and when the “Cone” shows that any part of the State of Florida may be 
affected.
So, even if you are closing on a home in Tampa, and the storm is expected to only brush through Miami, you will not be able to get insurance and your closing will be delayed.
Additionally, Flood Insurance does NOT go into effect until 30 days after the policy is written.
So, there you have it…the “Boxes” and “Cones” of Hurricane Season mean…get your insurance policy as soon as you are under contract!
Need help finding the perfect home in Tampa, Clearwater, or any neighborhood in the Tampa Bay area? Contact me today!
|
Print This Post
This entry was posted on Wednesday, August 27th, 2008 at 5:13 pm and is filed under Real Estate News. 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.
August 31st, 2008 at 5:42 pm
Looks like you got soaked by Fay, you will dodge a bullte with Gustav, Hannah may not do much, but WOW do you people in Florida go through some anxious moments!
September 7th, 2008 at 1:47 pm
Thanks for the great information..here in Miami I always have clients who are confused by the whole box issue. Great idea to give people an explanation of how it affects a pending contract.
September 26th, 2008 at 12:59 am
In Louisiana if you close with a lender the policy can take effect immediately. It needs to be in place before the storm enters the gulf. A cash sale has to wait 30 days before the insurance takes effect. I have never closed on a home here that did not get flood insurance and am appraoching 500 sales.