Insurance Question

[Smiling JOe]

George, Today we just completed our insurance (first time) for our new beach home in Seagrove(hazard, windstorm, flood, excess flood). I was absolutely mortified going into this.....however, there were no problems. We expect to get our CO Friday. We met with Tina at Coastal Insurance (Seagrove) about 3 weeks ago, so today just finalized it and we are good to go. Yes it's expensive, but honestly not as bad as we had anticipated based on all we've read and heard. So don't be disheartened. We fully understand there are some unknowns ahead with the insurance....we are preparing for the worst and expecting the best!! Good Luck with your house!

That is only because they have not sent out the assessment for 2005 Citizen's loss, which should increase it substantially.

 

[TooFarTampa]

If it is being built now, you better have coverage while you build. ;-)

I was assuming that would be something required by a bank giving a construction loan; that's why I didn't even mention it. Can a "standard" insurance company actually cover an unfinished structure, or is that a different product entirely?