Best Financial Advisors near Port Coquitlam, BC

Thinking of retirement, Canada particularly, a popular demographic are Snow Birds. What considerations should this group of homeowners take when they're away for 3-6 months at a time? Bring it up with your broker, because every single home insurance policy has a vacancy clause. Your house is not considered technically vacant because you're returning to it. A house is only considered vacant if empty for 30 consecutive days with no intent on returning. So the house is fine. You don’t have to worry about that, but there is a clause in most policies—I would say, around 99% of policies—a requirement in the wording on a home policy that if you’re going to be gone for 4 or 5 consecutive days (in some cases 3). I always err on the side of caution & say, if you’re going to be gone for more than 3/4 consecutive days, you need to have someone come through the property. Do you have a family member who can come through the home once every few days & make sure the water is still shut off, no potential water damage hazards, no toilets are overflowing, no sewer backup issues? Because an insurance company could use that as an opportunity to not cover the claim. Some wordings may have changed, but I’ve been doing this for 27 years & that seems to be the typical number of days—I’ve just erred on the side of caution. It doesn’t cost anything to ask your son, daughter, cousin or uncle to pop in once a week. As long as that's being done, the insurance company has no grounds to decline the claim.