What to Do If a Hurricane Strikes While You’re Buying a Home in Florida
Posted by Andy Mandel on
Buying a home in Florida during hurricane season presents unique challenges, but understanding how the “As-Is” contract handles these situations can protect your interests. Here’s a guide to help you navigate the complexities if a hurricane impacts your home purchase.
Force Majeure and Extension of Closing Date
Hurricanes qualify as a Force Majeure event, which means if essential services (like insurance or utilities) are unavailable, the closing date can be extended up to seven days after services are restored. If the hurricane disrupts services for more than 30 days, either party has the option to terminate the contract, with the buyer’s deposit refunded.
Insurance Challenges and Preparedness
When a storm is imminent, insurance providers may…
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