Insurance Rate Hike

• Condo insurance crisis leads to online petition by New Westminster, B.C., woman

  The 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
  
• BC. insurance brokers call for legislative reforms to tackle skyrocketing strata rates

  In 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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• 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