Condo buildings face insurance crisis as premium rates soar

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Story image for bc condo insurance from CTV News

'Sort of unprecedented': Experts concerned by looming condo ...

CTV News-Feb. 14, 2020
VANCOUVER -- Condo buildings in British Columbia are on the verge of an insurance crisis as premiums soar to unprecedented heights.
 
Story image for bc condo insurance from Vancouver Sun

'Strata market in crisis': Some BC condo buildings unable to ...

Vancouver Sun-Feb. 13, 2020
Condo Association director knows of 11 B.C. stratas currently unable to secure building insurance. In a normal year, he said, there wouldn't be ...
Story image for bc condo insurance from Canadian Underwriter (press release) (blog)

Brokers on what would help bring down skyrocketing condo ...

Canadian Underwriter (press release) (blog)-Feb. 12, 2020
Insurance should be mandatory for all condo unit owners in the condo corporation, an executive with the Insurance Brokers Association of B.C. ...
Story image for bc condo insurance from Canadian Underwriter (press release) (blog)

Two ways to address rising condo insurance premiums

Canadian Underwriter (press release) (blog)-Feb. 11, 2020
As condominium (strata) insurance premiums and deductibles continue to rise across the country, the Insurance Brokers Association of B.C. ...
 
Story image for bc condo insurance from Globalnews.ca

BC. insurance brokers call for legislative reforms to tackle ...

Globalnews.ca-Feb. 9, 2020
With strata insurance rates in B.C. skyrocketing between 50 and 780 ... burden to condo owners, who are being put on the hook for their own ...
 
Story image for bc condo insurance from Times Colonist

Condo buildings face insurance crisis as premium rates soar

Times Colonist-Feb. 13, 2020
The Insurance Brokers Association of B.C. said it has seen premium increases ranging from 50 per cent to 400 per cent for stratas, and ...
Story image for bc condo insurance from CTV News

Insurance issues could cause BC condo market collapse ...

CTV News-Feb. 6, 2020
VANCOUVER -- There are dire warnings that the condo real estate market in B.C. could collapse unless the province steps in to stop it.
Story image for bc condo insurance from Vancouver Sun

BC stratas on edge after reports of soaring insurance premiums

Vancouver Sun-Feb. 10, 2020
Now, insurance industry associations are responding to reports of soaring condo costs and B.C.'s Finance Minister said Monday the provincial ...
Story image for bc condo insurance from Times Colonist

Letters Feb. 16: Condo insurance trouble; protecting a fragile ...

Times Colonist-16 hours ago
The B.C. government recognized this and requires condo owners to obtain depreciation reports every three years. These reports identify ...
Story image for bc condo insurance from The Tri-City News

Huge insurance price hikes the fear of Tri-City condo owners

The Tri-City News-Feb. 15, 2020
Tony Gioventu, the executive director and strata property adviser for the Condominium Home Owners' Association of BC (CHOA), said condos .
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