3 Tips to Consider for Your Condo Insurance Policy

By |2022-05-15T09:17:09-07:00May 15th, 2022|News, Strata Management|

Rising insurance premiums and deductibles have been top of mind for many Strata Corporations and condo owners across BC. According to the B.C. Financial Services Authority (BCFSA), the recent hikes in insurance premiums are due to lack of capacity (ex. reduced supply, fewer insurers, and increased demand – more properties), severe weather, increasing property values,

Positive Change to Strata Insurance in BC

By |2021-01-15T11:11:33-08:00January 15th, 2021|News, Strata Management|

An unhealthy strata insurance market is hopefully coming to an end in 2021 with BC insurers agreeing to put an end to ‘best terms pricing’.  With ‘best terms pricing’, strata corporations had to pay the highest rate quoted for insurance premiums, even if there were lower rates quoted from different insurers. The reason for this

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