B.C. strata insurance market ‘unhealthy:’ study

By Jeremy Hainsworth / Glacier Media
Rates up 40% on average, more than doubling in 6% of buildings

Strata corporation insurance rates have jumped about 40% across B.C. since last year, with deductibles sometimes leaping to triple-digit increases, the B.C. Financial Services Authority said June 16. “The current state of the strata insurance market is unhealthy,” said authority vice-president and deputy superintendent for regulation Frank Chong.…

Source:: B.C. strata insurance market ‘unhealthy:’ study

• Whistler News

June 16, 2020

Comments are closed.