On September 13, 2020, the Government of British Columbia (Government) announced regulatory changes (Regulations) to address rising strata insurance costs in British Columbia. These changes follow the ...
Strata fees to skyrocket across B.C. As the cost of building insurance rises across the province, increased costs are expected to trickle down to strata fees.
Some strata corporations renewing their insurance policies may be surprised to encounter lower premiums, especially in light of high building replacement costs and tariffs. One prominent strata ...
B.C. providing relief for stratas The province is making changes that won't happen immediately but could eventually mean savings for condo owners.
Strata corporations are required to maintain director and officer (D&O) liability insurance to insure against allegations of wrongful conduct on the part of strata council and/or the property manager.
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