1870 Yew Street, Vancouver, B.C. V6K 3G2
Financials
All fees MUST be paid by Pre-Authorized Payment as we are self-managed.
Financial Statements
- Past 12 Months -
Monthly statements are normally posted approximately 3 weeks into the
following month (to allow time for all invoices to be received and
processed). If you have any questions regarding the Financial Statements,
please contact Rod McNair.
Located in the heart of Kitsilano
Your private condo insurance needs are different and more
complex than traditional homeowners. Because you have
both individual and shared responsibilities, you need two
insurance policies. The Strata Corporation purchases
one policy, and you buy the other. Each policy has a distinct
purpose, and they work together to protect you and your
condo.
You have a shared responsibility for liability and property
related to your condo building and common areas. The
condo corporation purchases a policy to protect this part of
your risk.
For your personal liability, unit contents and upgrades, you
buy a unit owner’s policy. Owners that rent their unit(s)
should ensure that your tenants carry their own unit contents
insurance for their personal belongings.
Unit-owner’s policies provide coverage for reasonable
assessments related to coverage shortfalls and deductibles.
They so not reduce or replace the responsibility of Strata
Corporation. When a unit condo is underinsured, the risk
transfers to Strata Corporation. Therefore, unit-owner
policies must either limit coverage or increase premiums for
all unit owners to absorb this extra risk.
To promote fairness and protect affordability, it is highly
recommended that you carry a reasonable limit of
$50,000 that will apply to assessment coverage in the
event that an owner is responsible for damages to the
building outside of their suite. For example, the Strata
Corporation’s deductible for water damage is $50,000
but if it is determined you caused the damage (for
example, by leaving a tap running), this deductible will
be charged back to the responsible owner.
Please ensure you have deductible protection coverage up
to $50,000 should you be at fault in causing damage to the
building.
(Restricted to Owners)
Important Documents
(Restricted to Owners)
