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Insurance Matters To Be Aware Of When Listing Or Purchasing A Home

  • Homes over 25 years of age require upgrades or maintenance to the heating system.  Acceptable heat is electric, forced air, radiant heat fueled by natural gas, propane or oil.  Furnaces should be serviced annually.
  • Above ground oil tanks older than 20 years are not accepted and dwellings with underground oil tanks are not eligible for coverage.
  • Plumbing should be copper or PVC.  Galvanized or polybutylene plumbing is generally not accepted by most insurers.
  • Hot water tanks should not be older than 15 years.
  • Wiring needs to have a minimum of 100 amp service.  60 amp service, knob and tube wiring and fuse boxes rather than a breaker box are no longer acceptable.  Aluminum wiring is not acceptable with some insurers.
  • Asphalt shingle roofs over 25 years would likely be a problem and should be replaced.
  • Auxiliary wood heating:  Airtight fireplaces or stand alone airtight stoves must be ULC, CSA or Warnock-Hersey labeled and professionally installed.

 

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.