As summer settles over the Okanagan, so does the annual threat of wildfires. While it’s easy to assume it won’t happen to you, the 2023 McDougall Creek wildfire was a stark reminder of how quickly things can change. For tenants, having valid insurance isn’t just a suggestion. It’s a safeguard.
A Real Story From Our Own Tenants
During the 2023 McDougall Creek wildfire, more than 35,000 people were displaced and 303 homes were damaged or destroyed. One of the properties we manage was among those lost.
Like all Executives Property Management residents, the tenants were required to have tenant insurance as part of their lease. After the fire, they shared with local media that they never would have had insurance – or been covered – if we hadn’t made it a condition of their tenancy. They had rented before, but never once carried valid tenant insurance.
When the fire was over, the only thing left standing on the property was the brick fireplace. They lost absolutely everything. But thanks to their policy, they were able to recover the cost of their belongings and secure temporary accommodation. We worked closely with them through the process, and they repeatedly expressed how grateful they were that we had required insurance. Without it, the loss would have been total: financially and emotionally.
It was a powerful reminder that small steps can make a huge difference in the face of disaster.
What Does Tenant Insurance Actually Cover?
A basic tenant insurance policy usually includes:
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Contents coverage – to replace clothes, furniture, electronics, and other personal items
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Liability protection – in case someone is hurt in your unit or you accidentally cause damage
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Additional living expenses – if you can’t stay in your home due to damage or evacuation
It’s peace of mind for less than the cost of a few coffees each month.
Why It’s So Important During Fire Season
Wildfire season in Okanagan is unpredictable. Even if your building isn’t destroyed, smoke and ash can cause enough damage to force a temporary move. Without insurance, those costs come out of your pocket.
Tenant insurance helps ensure you’re not left scrambling in a crisis. It can mean the difference between being overwhelmed and being able to recover.
What If You Don’t Have It?
Without tenant insurance, you risk:
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Paying out-of-pocket to replace everything you own
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Having nowhere to stay if your unit becomes unlivable
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Being liable for injuries or damage
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Facing delays in getting help during emergencies
That’s a heavy burden at a time when stress is already high.
Getting Insurance Is Easy and Affordable
Tenant insurance is simple to set up and surprisingly affordable. Most policies start around $15 to $25 per month. It takes just a few minutes to apply online, and you can customize your coverage to suit your needs.
If you’re not sure where to start, we’re happy to help point you in the right direction.
Protect Yourself Now, Not Later
At Executives Property Management, we require all tenants to carry valid insurance because we’ve seen how important it is. Fire season doesn’t give warnings. It moves fast, and it can take everything.
