Strata Insurance

Comply With The Strata Property Act And Secure Your Strata Insurance Today

What is Strata Insurance?

Strata insurance, also known as condominium or body corporate insurance, is a type of property insurance that covers buildings and common areas within a multi-unit complex. This can include apartments, townhouses, and other shared living spaces.

Strata insurance is typically purchased by the strata corporation or homeowners association responsible for managing the property. However, individual unit owners may also be required to have their own separate insurance policies to cover personal belongings and any improvements made to their unit.The coverage provided by strata insurance can vary depending on the specific policy and insurer.

All strata corporations in British Columbia are required to have property and liability insurance by the Strata Property Act. At AMC Insurance, our agents work directly with property managers to ensure you comply with this law. Secure your policy today with our affordable rates.

Affordable Coverage

Whether you need repairs or total replacements, our policies protect you from loss associated with fire, lightning, smoke, windstorms, hail, explosions, vandalism, and more!

Customized Policies

No matter the size of your strata property, you’ll need to secure a policy if you own a building with common property. At AMC Insurance, we’ll customize a policy to meet the unique needs of your property.

Personal Policies

Sometimes, unit owners and tenants get their own insurance for individual units. Still, unit owners can work with us to find discounted rates to cover personal possessions, additional living expenses, betterments, and personal liability.

Peace of Mind

A well-fitted strata insurance policy isn’t just critical to your protection. It is mandated by BC law. When you work with AMC Insurance, you have peace of mind that your property is safe and compliant.

Debris Removal

Our strata insurance policies cover common properties when damage occurs. This includes coverage for debris removal and the costs associated with paying for these services.

Legal Liability

If someone is injured or property damaged on your shared property, our strata policies cover reimbursement and replacement costs associated with these losses.

Loss of Income

If loss of income results from damage to common property, your policy will cover the expenses. For example, if your business needs to close due to a retaining wall collapse or downed trees, your policy will reimburse the loss of income.

Temporary Accommodations

If you live in a condo, townhouse, or duplex, you may be displaced if damage occurs. Our strata policies offer financial support for temporary housing accommodations while repairs occur.

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Comprehensive Strata Insurance Tailored to Your Needs

Strata insurance plays a vital role in protecting shared properties and ensuring compliance with legal obligations. At AMC Insurance, we offer policies that provide full replacement coverage for loss or damage, addressing the minimum required protections under the law. Our experienced insurance brokers work closely with strata council members and property managers to design customized plans that meet the diverse needs of your community. From liability coverages to safeguarding common property, we ensure your strata council has the peace of mind knowing every detail is carefully managed.

Affordable Strata Insurance Policies With AMC Insurance.

We work with some of the best insurance providers to bring you the insurance coverage you need to protect your common property. Our policies provide the financial protection you need to recover costs related to damage and loss that occurs on shared property.

Ready To Protect Your Common Property With A Strata Insurance Policy?

Get started today! Our agents are ready to help you find a strata insurance policy that meets compliance requirements and protects your assets.

+1-866-350-8555