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.

Home Insurance

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 insuring homes on the Westside. And vice versa. We’ve seen situations where some insurers deny all new policies when there’s an evacuation order for any part of the area making things a little tricky if that happens to be YOUR insurance company. We’re recommending buyers who are having trouble getting insurance to contact several insurance providers because they have different approaches and criteria.

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.

Fire Insurance

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.

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

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