09/02/2026
A loss involving common property can quickly become an issue for the entire building.
In British Columbia, strata corporations are required to maintain property and liability insurance. The policy should reflect the building, its shared areas, current replacement costs, liability risks, and applicable deductibles.
If you serve on a strata council or manage a property, review the coverage before renewal rather than after a claim.
Share this with someone involved in managing a strata property.
Coverage is subject to policy terms, conditions, limitations, and exclusions.