Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Insurance - Fire

  1. #1
    Join Date
    Feb 2006
    Posts
    8,917

    Insurance - Fire

    Disclaimer, I'm not an insurance broker.

    If you don't have fire insurance locked in on your property and are thinking about it then note that if your property is within 50 km of an active out of control fire you might be out of luck. Check with your insurance broker. Same issue applies to earth quake insurance but its 100km of a recent earth quake of 2 on the Richter Scale.
    "When you judge another you don't define them, you define yourself."

  2. Site Sponsor

  3. #2
    Join Date
    Jun 2015
    Location
    Born in the 4-9
    Posts
    843

    Re: Insurance - Fire

    We passed on a 45 acre property in Oliver/OK Falls this spring. Kind of happy about that right now...

    Fingers crossed our members and their family and friends come through ok...
    If we’re not supposed to eat animals, how come they’re made out of meat?

    BHA, BCWF, CCFR, PETA, Lever Action Addict.

  4. #3
    Join Date
    Sep 2009
    Posts
    1,981

    Re: Insurance - Fire

    Works the same for fire insurance on your vehicle as well.

  5. #4
    Join Date
    Oct 2016
    Location
    Walnut Grove, Langley
    Posts
    80

    Re: Insurance - Fire

    Purchased a place in March just east of Kelowna. Fire insurance was among the first orders of business.

  6. #5
    Join Date
    Sep 2006
    Location
    sadly, for now, the LM. Soon, Horsefly!!
    Posts
    4,228

    Re: Insurance - Fire

    Well aware (sadly).

    I get why they don't want people "waiting" to get insurance until they need it, but when you just buy a place, it's not like you've been "avoiding" paying premiums.....

  7. #6
    Join Date
    Oct 2010
    Location
    The Puddle
    Posts
    478

    Re: Insurance - Fire

    we made an offer on a house May of 2017 could not close until September as no one could get insurance, so no one could sell and no one could buy. If your insurance comes due in the summer months, change that till fall or winter so you wont get caught in that requirement.

    xpeier

  8. #7
    Join Date
    Dec 2007
    Location
    Hope & Tulameen
    Posts
    8,255

    Re: Insurance - Fire

    It may have changed but the usual practice of Insurers during fire situations was that they would continue to renew policies but not take on new business.
    One suggestion if moving / buying a new house was always make the purchase subject to availability of Insurance.

  9. #8
    Join Date
    Aug 2009
    Location
    LML
    Posts
    776

    Re: Insurance - Fire

    Quote Originally Posted by Iron Glove View Post
    One suggestion if moving / buying a new house was always make the purchase subject to availability of Insurance.
    Excellent plan but it can be easier said than done if you have a closing date a couple months hence,.....unless you can negotiate this one subject to not be removed until one or two weeks prior to closing. If anyone knows of an insurer that will commit to binding a coverage right now for a sale that will close over 30 or 60 days away I'm all ears.

  10. #9
    Join Date
    Dec 2007
    Location
    Hope & Tulameen
    Posts
    8,255

    Re: Insurance - Fire

    Quote Originally Posted by Elkaddict View Post
    Excellent plan but it can be easier said than done if you have a closing date a couple months hence,.....unless you can negotiate this one subject to not be removed until one or two weeks prior to closing. If anyone knows of an insurer that will commit to binding a coverage right now for a sale that will close over 30 or 60 days away I'm all ears.
    It's a general suggestion for all reasons, not just forest fires and yes, the time frame can be critical.
    It's more of a suggestion to protect you from being stuck with a home purchase where closing is down the road and when the time comes the Insurers won't accept the risk.
    A friend bought a place in Kamloops late June, possession is the end of July, subject to Insurance and he was able to arrange the Insurance 30 days before possession.

  11. #10
    Join Date
    Nov 2019
    Location
    Winnipeg, Manitoba
    Posts
    8

    Re: Insurance - Fire

    Hey Guys, I am the Vice- President of Encircle. If you guys want to inventory your items for free before an event we have a home owners app that allows you to inventory your house or cabin. If you have a fire, theft or other misfortune your items will be on our server for you.

    You will be surprised what your gear adds up to.

    Encircle app look for the orange "e"

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •