Tag Archives: Condo Insurance

The City of Vancouver website warns residents that some of the world’s largest earthquakes have occurred, right here, in British Columbia.  Research also shows that we have a 1 in 4 chance of experiencing another major earthquake within the next 50 years.  As a result, many strata corporations prudently purchase earthquake insurance.  You have likely […]

Housing costs have made the prospect of owning a home less of a viable option for residents in Greater Vancouver. Many households are opting to rent. While tenancy comes without some of the headaches that owning a detached home or condo does, it does have its unique set of concerns. Insurance and liability are among […]

After a water leak in their unit caused damage to other parts of their condo building, some BC residents have been shocked to find that they are required to pay the entire deductible on the strata corporation’s Master Insurance Policy.  These deductibles have seen huge increases in recent years with some strata corporations choosing deductibles […]

Congratulations, you’ve just purchased your first investment property.  Or, maybe you’re a seasoned investor with a large portfolio of properties.  Or, maybe you don’t even think of yourself as a real estate investor – just someone who rents out the apartment you inherited from your uncle last year.  Regardless, you own valuable investment property which […]

Insuring a condominium unit is complicated by the fact that there are two parties involved: 1) you, the owner of the unit, and 2) the strata corporation.  Strata/Condo Master Insurance policies provide coverage for the building and its common areas such as hallways, elevators, swimming pools, and any associated out-buildings, however there are many assets […]