Comprehensive Strata Coverage at Competitive Premiums

Habi­tat Insurance’s apart­ment and strata build­ing insur­ance pro­gram offers com­pre­hen­sive cov­er­age at very com­pet­i­tive pre­mi­ums. Our insur­ance bro­kers assist strata/building own­ers and prop­erty man­agers get the most for their insur­ance dol­lar as well, as pro­vid­ing pro­fes­sional advice at the time of quot­ing and through­out the pol­icy period. We also ensure that all of our clients receive prompt and depend­able assis­tance in the event of a claim.

Key features offered as standard in our strata insurance/apartment building program:

  • 125% Mar­gin clause on build­ing cov­er­age (for exam­ple, total loss limit for a $10,000,000 build­ing is $12,500,000) – blan­ket bylaws cov­er­age included
  • $2,500 Water dam­age and sewer back up deductible
  • $10,000,000 Com­mer­cial Gen­eral lia­bil­ity cov­er­age
  • $2,000,000 Direc­tors & Offi­cers lia­bil­ity cov­er­age ($5,000,000 limit avail­able); prop­erty man­ager can be added as addi­tional insured
  • $100,000 Land & Water Clean Up lia­bil­ity cov­er­age
  • $25,000 Crime cov­er­age (higher lim­its avail­able)
  • Boiler & Machin­ery / Equip­ment break­down cov­er­age
  • Optional Legal Expense cov­er­age offered
  • Plus many other pol­icy cov­er­age exten­sions
  • Poli­cies are 100% under­writ­ten by a well-estab­lished Cana­dian insur­ance car­rier
  • Prompt and reli­able claims ser­vice

Ideal properties for our strata insurance program:

  • Up to $10,000,000 build­ing replace­ment cost (higher lim­its can be con­sid­ered)
  • Less than 20% rental units
  • Good claims his­to­ries
  • Built after 1960
  • Mix of commercial/residential units is accept­able
  • Prop­er­ties located in British Colum­bia