March 2020

Condo insurance crisis: What you need to know

Posted on Mar 11, 2020


The last few months we have been hearing about strata corporations getting hit with new insurance rates that are going through the roof. Some renewals have increased anywhere from 50% to 300% and the deductibles to cover claims have also increased substantially, from $25,000 per claim, to as high as $250,000 and higher.

For strata properties it mean...

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