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Course 01 · 7 hours · In-person or live virtual
BC Strata Insurance Crisis
Why premiums moved, what depreciation reports really say, and how to advise strata councils now.
CE credits
7
Insurance Council of BC
Overview
A deep examination of the structural forces behind the BC strata insurance market — from the 2018–2020 premium shock through current depreciation report requirements, deductible exposures, and the chargeback litigation that followed. Built for advisors who need to do more than quote the policy back.
Learning outcomes
- 01Trace the underwriting and reinsurance drivers behind BC strata premium movement
- 02Read a depreciation report and identify the line items that affect insurability
- 03Explain water-damage deductibles and chargeback exposure to strata councils in plain terms
- 04Advise on bare-land, phased, and air-space strata configurations
- 05Recognize the claims-history patterns that trigger renewal non-renewal
Modules
MODULE 01
Market mechanics
Reinsurance, capacity, and why BC is a global file.
MODULE 02
The depreciation report
What underwriters actually look for.
MODULE 03
Deductibles & chargebacks
The Strata Property Act and recent decisions.
MODULE 04
Strata configurations
Phased, bare-land, air-space — coverage differences.
MODULE 05
Advising the council
Renewal conversations that hold up.