INNOVATION January-February 2018

Own a condo? Own a condo? Own a condo?

What You NEED TO KNOW About Strata Deductibles for Condos and Townhouses in British Columbia Many condo owners are unaware of the very high earthquake and water damage deductibles that are becoming very common in Condo/Strata Master Insurance policies. In the event of a claim, this deductible could be shared between all unit owners in the building. Protect yourself: 1) Review your Condo/Strata Master Insurance Policy annually. (This should be provided at your strata corporation’s AGM. If you do not have a copy, contact your property manager.) 2) Contact the experienced insurance advisors at Park Insurance who manage the Engineers and Geoscientists BC Member Insurance Program to ensure that you have adequate coverage. CALL US TODAY 1.800.663.3739 www.park.ca/egbc What You N ED T c bles for Condos and To e ri s ol ia Many cond owners are unaware of the very hig r age deductibles that are becoming very co mon in Condo/Strata Master I s r I vent of a claim, this deductible could be shared betw en all unit owners in the buildi . Pr y lf: 1) Review your Condo/Strata Master Insurance Policy a ll . (This should be provided at your strata corporation’s AGM. If you do not have a copy, contact your property anager.) 2) Contact the experienced insurance advisors at Park Insurance who manage the Engineers and Geoscientists BC Member Insurance Program to ensure that you have adequate coverage. CALL US TODAY 1.800.663.3739 www.park.ca/egbc What Y u NEED TO KNOW About Strata Deductibles for Condos and Townhouses in British Columbia Many condo owners are unaware f the very igh earthquake and wat r damage deductibles that are becoming very common in Condo/Strata Master Insurance policies. In the event of a claim, this deductible could be shared between all unit owners in the building. Protect yourself: 1) Review your Condo/Strata Master Insurance Policy annually. (This should be provided at your strata corporation’s AGM. If you do not have a copy, contact your property manager.) 2) Contact the experienced insurance advisors at Park Insurance who manage the Engineers and Geoscientists BC Member Insurance Program to ensure that you have adequate coverage. CALL US TODAY 1.800.663.3739 www.park.ca/egbc