I know- I am singing “OH SANDY” from Grease every time that I hear the name and the fact of the matter is that TS Sandy has been upgraded to a hurricane.
What does this mean? A Tropical Storm watch was issued for South Dade. Whenever there is a watch or warning in the state of Florida insurance companies stop binding coverage. Citizens suspended new business yesterday. Other companies will most likely follow suit particularly now that Sandy has been upgraded. IF YOU HAVE A CLOSING SCHEDULED THIS WEEK – Or even by the end of the month, Please ensure that the buyers have obtained their insurance.
And the closings start to cascade….