Keyword
strata corporation
Brokerage wins limited injunction against regulator’s new rule
July 19, 2023 by David GambrillFS Insurance Brokers (FSIB), a B.C. insurance broker that has common ownership with a strata property management company, has won a limited injunction against a new rule proposed by the province’s broker regulator, pending judicial review of the new rule.…
For insurance purposes, if it’s not managed as a strata, it’s still a strata: Tribunal
November 19, 2020 by David GambrillThe owner of a strata lot in a duplex that was not managed as a strata — for example, there was no strata board of directors, annual board meetings, etc. – must nevertheless pay for her half of the strata…
The latest flood peril: Do-it-yourself condo repair
February 26, 2018 by Canadian UnderwriterInsurance professionals selling condo insurance might want to advise their self-styled handyman clients to consult an expert before taking on seemingly minor home alterations. A British Columbia strata lot owner is on the hook for more than $8,000 after accidentally…
Strata’s ‘quick fix’ repair doesn’t have to be perfect: tribunal
January 11, 2018 by Greg MeckbachA British Columbia strata corporation is not negligent in attempting to fix a leaking skylight by re-caulking instead of replacing it, even though the skylight started leaking later, the province’s civil resolution tribunal found in a ruling released Tuesday. Karen…
Condo insurance: who’s responsible for dryer vent condensation?
November 30, 2017 by Canadian UnderwriterA strata corporation is partly on the hook for water damage to a condo unit arising from a buildup of water in a dryer vent, but there is no indication the damage is covered by the strata company’s insurance. Adding…