Freezing temperatures in Metro Vancouver leading to burst pipes and extensive water damage across homes, airports, and even ferries.

February 19, 2024

Every condo owner should be aware that while the building’s master insurance policy, typically managed by

January 17, 2024

Strata deductible insurance helps pay your portion of the strata corporation's master building policy following a catastrophic event.

January 17, 2024

In the case where the strata's water damage deductibles are very high, the strata will typically impose a bylaw requiring the 'at fault' unit owner pay the entire insurance deductible. Since sharing the cost of the deductible could be significant, most stratas will deem it unfair to punish innocent owners, the cost is passed onto the owner who causes the loss. It is important for every owner living in a strata to fully understand the implications of causing an insurance claim requiring the building's policy to act.

January 17, 2024

Dive into the essentials of strata water deductible coverage. Our comprehensive guide simplifies this crucial aspect of residential insurance, helping you navigate and optimize your policy for maximum protection.

January 17, 2024

Every condo owner should be aware that while the building’s master insurance policy, typically managed by

January 17, 2024

Strata deductible XS insurance or "Umbrella" coverage sits on top of your existing homeowner’s policy as XS coverage

January 6, 2024

Get the latest insights on the rise in strata insurance rates in British Columbia, the impact of referral fees, and new legislation aimed at curbing costs. Stay informed with our comprehensive analysis and expert opinions on the future of strata insurance policies.

January 6, 2024

In 2023, British Columbia experienced significant changes in strata condo insurance. The cost of strata insurance has increased, leading to rising strata insurance rates and higher deductibles for strata corporations.

December 30, 2023

This article provides an in-depth understanding of strata deductible insurance policies, focusing on their role and response during natural disasters and extreme weather events.

December 29, 2023

What happens when unforeseen events challenge your financial stability? This is where deductible buydown and downtime coverage emerge as vital safeguards.

December 21, 2023

Explore the importance of aligning your personal insurance with Strata's water damage deductible; stay informed about policy changes and ensure adequate coverage against rising deductibles in strata properties.

December 20, 2023

Strata insurance, particularly water deductible coverage, stands as a crucial aspect for property owners. Mastering this insurance type is vital for safeguarding your investment. Our guide dives deep into the nuances, ensuring you're well-prepared for any water-related incidents.

December 19, 2023

The new regulations also include changes to the Form B Information Certificate, enhancing transparency for prospective buyers and strata owners regarding insurance coverage

December 19, 2023

Strata corporations are required to insure against prescribed perils listed in the Strata Property Act, such as fire, windstorms, and vandalism,

December 18, 2023

The insurance industry must assume a more proactive role in enlightening consumers regarding the escalating frequency

December 18, 2023