Quote:
Originally Posted by 6793026
might be a bit off topic, i was told to get insurance that's other side of the province / country. this way, if say BC had an earthquake, and everyone tries to claim, it woin't go bankrupt.
not sure if there are any truth to that but it does make sense.
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Is not true because these insurers buy re-insurance.
Is also why BS that happens to insurers in other parts of the country and such can affect our rates.
My gut check is re-insurance for large multi-family condo stratas skyrocketed in BC, making the market unprofitable. If there's a leak on floor 41 on Brentwood and it his 40 units at 1M going down, that's fucking insane