Insurance coverage dilemmas may cause B.C. Condo market collapse, property owners relationship warns

Insurance coverage dilemmas may cause B.C. Condo market collapse, property owners relationship warns

You will find serious warnings that the condo housing market in B.C. Could collapse unless the province actions in to end it.

A representative of an apartment owners’ relationship states present modifications to insurance charges imply that not just are structures paying out more for coverage – some are being denied altogether.

“this is certainly something no one had foreseen, ” stated Tony Gioventu, executive manager for the Condominium and Homeowners Association of B.C. Continue reading “Insurance coverage dilemmas may cause B.C. Condo market collapse, property owners relationship warns”