B.C. changing rules as strata property insurance costs rise

/ Owner - July 3, 2024

The B.C. government is making changes to strata property and financial rules to deal with the soaring cost of insurance for multi-family buildings.  Amendments introduced in the B.C. legislature June 23 would require strata corporations to inform owners about insurance coverage, including increased deductibles, and allow strata councils to use their contingency funds to pay for unexpected insurance increases.   Read the article…………………………….

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