Condo Insurance Hike
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Condo insurance crisis leads to online petition by New Westminster, B.C., womanThe premium for the building where the woman lives with a muscle disorder climbed 300 per cent from $69,000 to $259,000 upon renewal this year.Feb 21, 2020
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BC. insurance brokers call for legislative reforms to tackle skyrocketing strata ratesIn a statement Friday, the IBABC proposes two reforms to the province's Strata Property Act, including a $50,000 cap on upper loss assessments.Feb 9, 2020
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Langley condo owners reeling after strata insurance deductible jumps from $5K to $250KThe strata's insurance premium also skyrocketed from $97,000 to $371,000.Jan 3, 2020
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B.C. condo owners brace for sticker shock as insurance rates surge by up to 300%"Anyone now purchasing into a condo and into any strata corporation in B.C., one of the documents you want to request is a copy of the insurance policy."Nov 30, 2019
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