Landlords in British Columbia and insurance companies have had to face the consequences of surging marijuana cultivation in the province in recent years. As insurance companies minimize their exposure by excluding coverage linked to direct or indirect damage caused by marijuana cultivation, property owners must take defensive measures to protect their homes and properties from […]
House Insurance Replacement Cost Vancouver One of the areas of house insurance which leads to some confusion for homeowners is insuring to “replacement cost”, which is the industry standard to which all homes must be insured. Let’s start off by explaining what insurance replacement cost for a house is not: A house’s replacement cost is […]
With the onset of winter weather in British Columbia, a spike in water damage and sewer back up insurance claims is invariably expected. According to the Insurance Bureau of Canada, “Damage from water damage and sewer back-ups is costly for homeowners, municipalities and insurance companies. In an average year, the Canadian insurance industry pays $1.32 […]
House insurance is often one of the last things that buyers consider when they are caught up in the process of finalizing the purchase of a home. And yet, failing to meet insurance requirements is one of the most common ways to delay or fail to close a deal. Buyers of detached homes in particular […]
