news&views Summer 2019 | Page 56

Preparing for Life on the Coast Linda Pearce | Article and Photographs I once had a rambling house on an acreage on Salt Spring Island in an idyllic semi-rural area in the incomparably beautiful Gulf Islands. For many Albertans, retiring to such a place is a life-long dream, but there are many things I learned about life in a mild, damp climate that sometimes surprised me. While planning finances for a future retirement is vital, a lot of other factors should be taken into account. Fulford Valley, Salt Spring Island Let me describe what it’s like to live on the B.C. coast in the islands, small towns, or semi-rural areas close to the ocean; although many of the financial, tax, and insurance issues also pertain to life in bigger cities, and in the interior. 56 | arta.net British Columbians must all get their basic car insurance through the government insurance body, ICBC. However, with ICBC’s financial problems a growing concern, British Columbians can expect to pay more for car insurance. Earthquake insurance on your house is almost mandatory living in such proximity to the Cascadia Subduction Zone. Building codes have changed significantly over the years to provide better seismic design