Keyword
Strata
Why a strata corporation is on the hook for restoration costs in individual unit
May 12, 2020 by Greg MeckbachA strata corporation that tried to charge a unit owner $1,260 in water damage restoration costs has lost its case before the British Columbia Civil Resolution Tribunal. In July 2019, an outdoor water tap failed, causing water to enter a…
What IBC and brokers think would improve condo insurance affordability in B.C.
March 2, 2020 by Jason ContantInsurance Bureau of Canada (IBC) has issued a series of policy recommendations to help improve the affordability of strata insurance in British Columbia, some of which touch upon suggestions made by the province’s broker association. IBC’s recommendations include: Mandatory education…
Brokers on what would help bring down skyrocketing condo insurance premiums
February 12, 2020 by Jason ContantInsurance should be mandatory for all condo unit owners in the condo corporation, an executive with the Insurance Brokers Association of B.C. (IBABC) told Canadian Underwriter Monday. “Strata/condo building managing councils should encourage their member unit owners to vote in…
Two ways to address rising condo insurance premiums
February 11, 2020 by Jason ContantOne broker association is calling for consultation among all key stakeholders to discuss owner liability in condo corporations, with a focus on proposed achievable legislative action. As condominium (strata) insurance premiums and deductibles continue to rise across the country, the…
Why this strata’s bylaws on Airbnb were deemed unenforceable
January 28, 2020 by Jason ContantIf you own a strata lot in Vancouver, can you use your unit for short-term accommodation through Airbnb? Yes, if your strata bylaws support short-term rentals in your building, according to Airbnb. But in two recent cases before the province’s…
How much leeway does a condo corporation have when conducting repairs?
October 18, 2019 by Jason ContantIf a condo corporation enters your client’s unit to repair suspected flood damage but finds other hazards, can they complete those additional repairs instead and seek reimbursement from the unit owner? It would appear not, if the factors of the…
Landlord sued over $16,000 water leak wins appeal
November 28, 2018 by Greg MeckbachA major water leak from a Surrey, British Columbia strata unit has spawned debate among judges over whether landlords are liable in such cases. Crystal Thomas was renting a condo unit in Surrey in the summer of 2015. A large…
Australian insurers welcome Senate committee call for government to rethink funding for natural disaster mitigation
August 14, 2017 by Canadian UnderwriterInsurance Council of Australia (ICA) has welcomed a report by the Senate Economics References Committee supporting the council’s call for the federal government to invest in natural disaster mitigation and resilience, as well as back risk-based pricing. This spring, ICA…