It’s been a wonderful, long hot summer here in the Okanagan and real estate is chugging along like it’s supposed to this time of year. The downside to living in this part of the world are the Kelowna forest fires we seem to deal with more often than not each summer. From a home owner point of view if you’ve just purchased a home it’s important to make certain you’re able to insure it. What used to be a casual trip into an insurance broker’s office can turn out to be an ordeal during forest fire season.
Most insurance companies are reasonable and know what they’re doing. If there’s an active fire in Joe Riche most insurers don’t have any issues with
If you just bought a home and it’s under evacuation alert or notice you’re just not going to be able to get insurance and should get legal advice. Most buyers and sellers I’ve run across are reasonable when these sorts of things occur and negotiated possession dates are usually changed to accommodate mother nature.
Realtors have a standard “subject to buyer obtaining fire insurance” clause that is used in most transactions and I haven’t seen a contract without this clause in a long time. It’s become a part of every Realtors regular standard practice to include this and protects everyone.
If you are thinking of buying a home in Kelowna this summer call me for the top deals.
Living in Kelowna,
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
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