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Stratas

BC NDP

  • Control the rising cost of strata insurance.
  • If rates have not corrected by the end of 2021, we will develop a public strata insurance option, similar to Saskatchewan.
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BC Liberals

  • Encouraging and facilitate self-insurance models for stratas.
  • Eliminate the practice of "best-terms" pricing.
  • Reducing statutorily-required insurance for strata properties from full replacement value to a level in line with actual claims cost history.
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BC Greens

Convene a taskforce, including insurance brokers, insurers, and strata owners, to deal with the rising cost of strata insurance and develop solutions as soon as the BC Financial Services Authority finishes their investigation.
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