Insurance

fireman saving a burning home

Strata Properties: “To Insure or Not to Insure?” That is the question

That should never be the question; every strata owner should always insure. You may be thinking “Why? My strata property already has property insurance!” That is correct. The strata corporation’s insurance is mandated by statute and paid for by the owners through their monthly strata fees. Under the BC Strata Property Act (s.149 and s.150), the strata corporation is required to obtain insurance for common property, common assets, buildings as… Read More »Strata Properties: “To Insure or Not to Insure?” That is the question