Surrey Business News

RIS­ING IN­SUR­ANCE COSTS FOR STRATA OWN­ERS

- Business · British Columbia

The Gov­ern­ment of Bri­tish Columbia is tak­ing ac­tion to help stratas bet­ter mit­i­gate the ris­ing costs of in­sur­ance. Ac­tions in­clude bring­ing more trans­parency to the strata in­sur­ance in­dus­try, clos­ing loop­holes re­lated to de­pre­ci­a­tion re­ports, end­ing re­fer­ral fees paid to strata prop­erty man­agers and giv­ing strata own­ers and cor­po­ra­tions the tools that they need to do their part. news.gov.bc.ca/22478

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