Strata Insurance

• Another B.C. strata says ICBC won’t cover full cost of vehicle damage to its property

  The complaint follows concerns from residents of a condo building who are fighting the public insurer over full compensation of damage caused by a driver during a snowstorm.

  Canada

  Mar 17, 2023
  
• Condo insurance costs soared in parts of Canada in the past year. Here’s why

  Condo insurance premiums were up double-digits in some provinces compared with a year ago. But there are signs condo owners may finally see some reprieve.

  Money

  Jul 29, 2021
  
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• ‘Perfect storm’ behind B.C.’s unhealthy strata insurance market, no quick fix: report

  The B.C. Financial Services Authority's investigation found strata owners province-wide were seeing average insurance premium increases of about 40 per cent.

  Economy

  Dec 18, 2020
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• B.C. unveils new strata insurance rules

  Strata home owners have been hit by massive increases in insurance costs in the province over the last year. 

  Politics

  Sep 13, 2020
• B.C. to end referral fees to help ease sky-high strata insurance costs

  The industry's regulator says B.C.’s condo owners have struggled under an average increase in insurance costs of around 40 per cent.

  Politics

  Jun 23, 2020
• Coronavirus: B.C. condo owner feels ripped off by strata fees while amenities stay shut

  'I pay for a gym that I can't use,' said Ron Bascom. 'I had to join the YMCA because they're open.'

  Jun 18, 2020
• BC Liberals introduce legislation to address skyrocketing strata insurance rates

  The BC Liberals are calling on changes that would require strata corporations be provided insurance renewal terms at least 30 days in advance in an attempt to address skyrocketing premium increases.

  Politics

  Feb 25, 2020
• 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
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• Insurance Bureau of Canada creates task force to deal with sky-high strata insurance

  The Insurance Bureau of Canada says it has created a task force.

  Feb 20, 2020
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• 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