VREP #205 | Is Strata Insurance Vancouver's Next Leaky Condo Crisis? With Douglas Chan

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Manage episode 251959297 series 1366275
By Adam and Matt Scalena and Matt Scalena. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Your strata insurance probably just went up 50 to 300% and now a simple toilet leak could potentially bankrupt you. What happened? Reliance Insurance Specialist Douglas Chan sits down with Adam & Matt to detail the rapidly changing strata insurance market and the prognosis is not good. This will cost you money: in strata fees, in potential special levies, and in your personal insurance policy. What does this mean for the condo market? Are condos still a good investment or has Vancouver just become risky business? This episode will definitely shake your nerves and rattle your brains!

248 episodes