Broker and adjuster perspective on factors impacting strata claims

Common misunderstood claim fundamentals and new dynamics impacting the landscape

Driven by bigger and more complex developments with more intricate insurance dynamics, strata claims are becoming larger and more complicated. Concurrently, the fundamentals impacting the strata claim landscape remain largely misunderstood. Join us to review the mechanics of a strata claim before delving into how more complex construction, multi-entity dynamics and other emerging issues are impacting claims. WEBINAR OBJECTIVES • Understand the basic functionality of a strata property policy and how the claims process interacts with the legislation and strata bylaws • Identify emerging complexities in strata claims such as mutli-corporation shared space, strata sections and air space parcels • Discuss property claim trends including increasing water damage severity, insurance to value in large loss and increased costs stemming from municipal bylaws • Examine the critical path process for a large loss from the perspective of a broker FEES (membership required) $75 IIBC Member $67.50 Corporate Rate (group of 6+) - Contact Winnie to register: whon@insuranceinstitute.ca +$95.00 NEW Members (IIBC membership expires May 2026) CONTINUING EDUCATION CREDITS: 2 Technical CE Credit (BC) Note that late log-in or early log-out will preclude IIBC from issuing a CE certificate for this session. * If you require CE credits for licensing renewal requirements in provinces other than BC, please check with you provincial licensing regulator for validity. WEBINAR ACCESS: Please ensure the email address in your profile is current. Login details will be emailed to your profile default email 24-48 hours before the webinar. CANCELLATION POLICY Participant substitutions accepted up to 24 hours prior to webinar (substitute must be current member). IIBC reserves the right to cancel the webinar due to unforeseen circumstances. QUESTIONS? Winnie Hon, CIP , Assistant Manager | Insurance Institute of BC E: whon@insuranceinstitute.ca | T: 604.678.5747