Strata Tip of the Week – What is the strata corporation required to insure?
All strata corporations in BC, regardless of size, must obtain property and liability insurance, including bare land strata corporations and strata-titled duplexes. 1. Property Insurance A. The strata corporation’s property insurance is for:• Common property• Common assets• Buildings shown on the strata plan, and• Fixtures built or installed on a strata lot if built or…
