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 […]

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 […]

Vancouver / BC strata insurance: successful launch of a new program

Strata Insurance in Vancouver and British Columbia We’re very pleased to report that the a residential strata insurance program now being offered by Habitat Insurance Agencies has had a successful launch. These stratas are now benefiting from the advantage of an insurance program that offers excellent premiums, coverages, and deductibles.  Stratas with some commercial occupancy […]

Flood insurance in BC: what you need to know

Homes threatened in Fraser Valley & Kamloops As water levels continue to rise on the Fraser River on Thursday, and with more rain predicted for the weekend, communities in the Fraser Valley, Hope, and Kamloops areas brace themselves for potential flooding.  On many homeowners’ minds is the question: “Does my house insurance cover me for […]