Topic: Insurance Appraisals – What are they, and why do I need one?
The Strata Property Act requires Strata Corporations to always maintain insurance on common property, common assets, and buildings. Insurance appraisals exist to define the amount of insurance that is required to fully insure these items without spending too much on excess premiums (while having sufficient coverage). Appraisals can make insurance policies more responsive in the event of a loss. From eliminating co-insurance to un-locking your ERC coverage, insurance policies typically cover more when there’s a contemporary appraisal. Ensure that the appraisal you buy is of maximum value to your strata corporation.
Join us and learn more about Insurance Appraisals at this informative Lunch & Learn session!
Tim Scoon, Suncorp Valuations
1177 W Hastings St., Suite 200
The Canadian Condominium Institute (CCI) - Vancouver Chapter is seeking enthusiastic Board and committee members who can commit to actively support the mission of the chapter in providing exceptional education to strata councils to help build strong and healthy strata communities across BC.
A look at how bylaws & incentives are advancing Level 2 EV (Electric Vehicle) charger requirements in multi-family dwellings in Metro Vancouver, such as the City of North Vancouver's newly established guidelines.
There is also an informative guide to support stratas on how to make the switch at Metro Vancouver's EVCondo.ca.