over the last few months of insurance fees leaping by as much as 400 per cent, staggering increases in deductibles, or buildings being offered only partial policies — or no policies — because insurers are skittish about the sector.This advertisement has not loaded yet, but your article continues below.
“Where they are built, the standards to which they are built, the standard for things such as recessed sprinklers and automatic water shut-off values, the type of construction. … And then you have, overarching all of that, the risk of earthquakes in B.C. And so I think it is a confluence of factors that have created a more acute problem in B.C. than perhaps some of the other provinces.”This advertisement has not loaded yet, but your article continues below.
• Define a standard strata lot in the Strata Property Act, to make clear what damages the strata lot owners are responsible for and what the strata council is responsible for.Finance Minister Carole James told Postmediathat the province was exploring many options to address the crisis. Earlier this week, a ministry spokesperson said staff was
Others hard hit by this insurance uncertainty include renters who worry increases will be passed on to them by landlords, and non-profits who run supported housing.
Well we are dealing with humans here