Condo owners face bankruptcies as insurance costs soar

By Jeremy Hainsworth / Glacier Media
‘You could lose your home’

Uninsured condo owners could find themselves bankrupt and homeless if they don’t maintain their suites and personal insurance as strata insurance costs skyrocket, said the Condominium Home Owners’ Association of B.C. The cost of catastrophes, construction, claims and reinsurance has pushed insurance premiums on many British Columbia strata corporations, or condo owner groups, through the roof.…

Source:: Condo owners face bankruptcies as insurance costs soar

• Whistler News

March 5, 2020

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