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Friday, 27 January 2012

Strata: Liable To Pay Deductible $100,000?

If you caused a fire negligently, you may be sued by the strata corporation to recover its deductible portion of insurance claim up to a maximum of $100,000.

Strata Property Act does not limit the capacity of Strata Corporation to sue an owner in order to recover the deductible portion of an insurance claim if the owner is responsible for the loss or damage.

You may consider purchasing Deductible Insurance to cover.


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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.