The challenges of insuring older apartment buildings in BC

We are often asked at Habitat Insurance Agencies to quote on insurance for pre-1960s apartment buildings in British Columbia. During the last few years we have seen significant increases in insurance rates for older buildings, much to the chagrin of building owners or buyers who are looking for competitive quotes. Additionally, fewer companies are willing […]

Condo owners and liability for strata losses

Condo owners could be liable to pay for their strata’s insurance water damage deductible, even if they’re not responsible for damages. Strata corporations can legally sue an owner to recover the deductible if the owner is responsible for a loss or damage, even if it is beyond the unit owner’s control.  For example, if a […]

House insurance and marijuana grow ops: BC landlords in their role as first line of defence

Landlords in British Columbia and insurance companies have had to face the consequences of surging marijuana cultivation in the province in recent years.  As insurance companies minimize their exposure by excluding coverage linked to direct or indirect damage caused by marijuana cultivation, property owners must take defensive measures to protect their homes and properties from […]