B.C. Liberals propose legislation aimed at easing strata insurance crisis


By Joannah Connolly / Glacier Media Real Estate
“Simple, easy-to-apply” measures would define insurance responsibility and let homeowners earn financial breaks, says MLA Todd Stone

With insurance premiums on strata buildings skyrocketing, especially in British Columbia, the B.C. Liberal opposition party proposed a private member’s bill of new measures aimed at easing the crisis. Liberal MLA Todd Stone announced February 25 that he is proposing changes to the Strata Property Act that would define insurance responsibility, give insurance companies clarity on liability, and introduce a water-damage prevention program that would allow homeowners to earn breaks on their insurance premiums.…

Source:: B.C. Liberals propose legislation aimed at easing strata insurance crisis


February 25, 2020

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