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Is there a waiting period before a Wind Pool policy takes effect?

April 26, 2017period policy pool takes waiting wind

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Is there a waiting period before a Wind Pool policy takes effect?

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Yes, there is a 16 day waiting period starting when SCHWUA receives the application, photo, and payment of premium. Independent agents have the ability to transmit this information electronically. The waiting period may be waived when there is a property closing that involves a mortgage company, bank, or savings and loan. The loan must be for a term of at least 10 years.