Hurricanes & Insurance

HURRICANES

With most closings shut down by property insurers when a storm is "in the box," some sales may have to be scheduled between bouts of bad weather. Hurricane Gustav is departing only to see new threats from Hanna, a strengthening Ike and newcomer Josephine.

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http://www.floridarealtors.org/NewsAndEvents/n4-090308.cfm

PROPERTY INSURANCE

Citizens Property Insurance Corp. is doubling its hurricane mitigation discounts for condo buildings with a replacement cost of $10 million or less as policies renew on Sept. 1. But the action means that Citizens is taking on additional risk, as the state-run insurer already covers more than a third of the state's condo buildings.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n3-090308.cfm