Why Your Strata Policy Matters So Much 😳😳

What is a Strata Policy❓ Many people don't fully understand what it is. When it comes to home insurance, the most critical coverages are water damage, sewer backup, fire, theft, earthquake insurance (optional), and third-party liability. Once you obtain the strata corporation's master policy,‼️ the key items to review are water damage and sewer backup — water damage is the single biggest risk to your unit‼️ A standard homeowner's policy typically only covers up to the strata's $100,000 deductible; any amount above that must be covered by purchasing additional coverage from a commercial insurer. #VancouverInsurance #HomeInsurance #Strata #VancouverHomeInsurance