BCFSA

Strata Insurance Final Report

BC Financial Services Authority has released its final report into British Columbia's unhealthy strata insurance market. This report is the culmination of a nearly year-long review of this issue.

The report finds that a convergence of factors, both local and global, have created a perfect storm leading to dramatic year-over-year strata insurance increases for consumers and a potentially unsustainable market for insurance providers.

Read the Final Report - Strengthening Foundations: A Report of the State of Strata Property Insurance in British Columbia

Read BCFSA's Strata Insurance Interim Report

Read Best Terms Pricing Media Release

For more information relating to BCFSA's report please contact stratainsurance@bcfsa.ca or call 236-468-4085. A helpful FAQ can be found here.

For specific inquiries, please note the appropriate party to contact as detailed in the chart below:

Contact	Topic	Contact Details
Media Request	Media	commsteam@bcfsa.ca
Strata Property Managers	Complaints/Inquiries	advisor@recbc.ca
Real Estate Agents	Complaints/Inquiries	advisor@recbc.ca
Insurance Brokers	Issues about Obtaining Coverage	Contact Us
Insurers	Complaints/Inquiries Unfair Practice & Misconduct	insurance@bcfsa.ca
Unauthorized or Unlicensed Insurance Business	Reporting Company or Individual for Unauthorized Insurance Activities	insurance@bcfsa.ca
Strata Council/Property	Building Codes/Material/Construction Costs	Housing.Policy@gov.bc.ca
Captives/Self-Insurance	Statutory Approvals and Application Process	statapprovals@bcfsa.ca
Clarification Relating to BCFSA's Final and Interim Reports	Questions and Feedback	stratainsurance@bcfsa.ca
Public-Private Partnership/Public Insurance	Govt of B.C.	Contact your local MLA
Legal Disputes	Legal Assistance	Contact Us

Public FAQ