Condo Smarts: Strata corporations can’t exempt themselves from insurance requirements (BC)

/ Owner - October 18, 2023

Q:   After consultation with our insurance broker, we were advised that we could exempt our strata from a collective strata policy by unanimous vote if all the owners agreed and signed a waiver. Other than one unit owner — who we can’t reach at this time — everyone is in favour.  Is this a dangerous decision?    Read the Q&A……………………………….

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