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 […]
Significant increases in insurance rates have been a common scenario that many strata councils and apartment building owners in British Columbia have had to contend with since 2012. There are two primary reasons for the substantial upswing in insurance rates: Rising claim costs: insurance rates for strata are not keeping up with rising claim costs, […]
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 […]
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 […]