If you are buying property in Florida … and closing any time in October … we recommend you order (and pay for) flood insurance now …. especially if you are buying in a high risk area.
Florida Realtors strongly recommend home-buyers get flood insurance prior to midnight September 30th … if the property is scheduled to close in October (so the closing won’t be delayed)
As of September 30th, FEMA will be unable to issue new flood insurance policies, (until Washington gives them the green light…) The bill has to go to the House and to the Senate for approval …. and any delays in that approval could potentially play havoc with closings.
Buyers who secure Flood Insurance prior to September 30th though will be covered, and can close after that date.