Here’s a 1-minute clip of the highlights!

Who knew your long-time insurance company has no loyalty? 🙄 I suppose it’s no surprise.

I knew homeowners in the Fairfield Beach area to have trouble obtaining flood insurance sometimes if the home was in a high flood-risk spot or had a history of significant flood claims.

But I had never come across anyone who was told they could not get plain ol’ homeowner’s insurance!

We had accepted an excellent offer for one of my listings in the Fairfield Beach area and the transaction was moving along very smoothly until the buyer tried to put her homeowner’s policy in place before the closing.

She used Chubb for her prior residence for the past 20 years. So she called them for a new policy for her new home. What they said was… no.

Fearful that the home I thought I just sold for my client was, for some reason, uninsurable, I called my go-to insurance and flood regulations guru, Robert Reade of William Raveis Insurance.

He explained that some of the carriers were hit hard from storms Sandy and Irene and were pulling way back on their coverage areas. Apparently Chubb fell into this category.

But Robert calmly explained that he had about 22 other carriers that would write a policy with no problem at all.

Phew!

So we enjoyed another happy ending with my seller moving onto her next chapter and the buyer moving into her lovely new home with the perfect insurance policy to go with it!

Here’s the full 2-minute video of how it went down.