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Friday, 27 January 2012

Strata: Upgrades Not Covered By Insurance?

If Upgrades were Installed by Original Developer, the upgraded fixtures would be covered by the strata insurance.

If upgrades were not installed by original  developer, the upgraded fixtures would be considered as Betterments and would not be covered by strata insurance.

It would be better to order Upgrade Packages from Original Developers than from outside contractors. Grey areas can be avoided.

When buying your own insurance, you may include Betterment Insurance to safeguard.



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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.