Quote:
Originally Posted by Gamed
Does condo's maintenance fee covers insurance? For example, in case of fire? earthquake? floods?
|
The strata fee only covers the insurance on the building itself and the common area. For your unit, you have to get your own home/condo insurance. Make sure you bring in a copy of your strata/building insurance details so your insurance agent knows how much coverage you need, especially deductibles.
Insurance - Province of British Columbia