A closer look at the Report on Insurance Issues for Stratas: Should the Strata Property Act require strata-lot owners to have insurance that covers payment of a deductible under a strata-corporation policy?

This post is part of a series highlighting key recommendations in the Report on Insurance Issues for Stratas. For other entries in the series, click here. Brief description of the issue There are real concerns that rising insurance deductibles could harm strata-lot owners. This potential for harm might even be Read more…

By Kevin Zakreski, ago

A closer look at the Report on Insurance Issues for Stratas: Should the Strata Property Act expressly assign responsibility for an insurance deductible to a responsible owner?

This post is part of a series highlighting key recommendations in the Report on Insurance Issues for Stratas. For other entries in the series, click here. Brief description of the issue The Strata Property Act’s provisions on insurance deductibles have created uncertainty and litigation. In part, this is the natural result Read more…

By Kevin Zakreski, ago

A closer look at the Report on Insurance Issues for Stratas: Should the definition of “major perils” in the Strata Property Regulation be amended to include earthquakes?

This post is part of a series highlighting key recommendations in the Report on Insurance Issues for Stratas. For other entries in the series, click here. Brief description of the issue The legislative mandate to insure property requires a strata corporation to “insure against major perils, as set out in the Read more…

By Kevin Zakreski, ago

A closer look at the Report on Insurance Issues for Stratas: Should the Strata Property Act require strata corporations to obtain directors-and-officers insurance?

This post is part of a series highlighting key recommendations in the Report on Insurance Issues for Stratas. For other entries in the series, click here. Brief description of the issue In the strata-property field, directors-and-officers insurance is “[i]nsurance that provides coverage for members of [strata councils] against ‘wrongful acts,’ Read more…

By Kevin Zakreski, ago