Business insurance: FAQ from business owners in Vancouver & BC

Business insurance is one of the key types of policies offered by Habitat Insurance Agencies.  We receive calls on a daily basis from established business owners and people who are just starting new businesses requesting quotes and information about business insurance coverage.  Below are some of the most frequently asked questions (along with our answers) […]

Short-term rentals and home insurance: the potential pitfalls

With the advent of websites such as Airbnb and VRBO for short-term rentals, many property owners are taking the opportunity to generate extra income by renting out their homes to visitors. Sounds like a great idea. Unless you are like the unfortunate Calgary couple whose home suffered approximately $150,000 damage last week during a “drug-fueled […]

Now available in BC: Earthquake Deductible Buyback Insurance

What is it? Earthquake Deductible Buyback (EDB) insurance is coverage for Earthquake Deductibles. This insurance is now available through Habitat Insurance, for properties located in British Columbia. How it works: All policies with earthquake coverage are subject to an earthquake deductible, which is stated as a percentage of the coverage limit. Generally, earthquake deductibles are […]

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 […]

Tenants’ insurance: must-have coverage for responsible renters

If you rent a condo, apartment or house, don’t make the mistake that many renters do by not having tenants’ insurance. Often renters don’t worry about getting insurance because they feel that their personal belongings aren’t valuable enough to warrant insuring them. The key point to remember is that tenants’ insurance covers far more than […]

New BC Tribunal for Strata Property Disputes and Small Claims Matters

Under BC’s new Civil Resolution Tribunal Act, a new dispute resolution and adjudicative body, the Civil Resolution Tribunal, which has authority to hear some strata property disputes and, where the parties agree, small claims matters will begin operations in 2014, according to BC’s Ministry of Justice. The new Civil Resolution Tribunal will provide an alternative […]

Beware of Buying Flood-Damaged Vehicles

Found a great deal on a car?  The Insurance Bureau of Canada (IBC) warns Canadians to avoid unknowingly purchasing storm-damaged vehicles.  After flooding disasters, such as those that occurred in Alberta and Ontario in 2013,  there are attempts by fraudsters to clean up and resell flood-damaged vehicles. Canadians should be cautious when a deal seems […]

Automobile theft in Canada: how you can help prevent it

According to the Insurance Bureau of Canada, automobile theft costs Canadians every year close to $1-billion, including $542-million for insurers to fix or replace stolen cars, $250 million-in police, health-care and court-system costs and millions more for correctional services. Tips to help stop car theft: Always roll up your car windows, lock the doors and […]

New house insurance program for BC homeowners

We are pleased to announce that Habitat Insurance is now offering a new house insurance program for homes located in British Columbia.  This program offers  comprehensive coverage with generous features and special limits coverages at excellent premiums. Examples of homes recently insured under this program at Habitat Insurance: Building replacement cost of building* Total premium […]

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 […]

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