Strata Insurance

Do you know what your strata's insurance policy does and doesn't cover? If you answered 'no' then, it's time to let the trusted brokers at SeaFirst help you understand your insurance coverage. Whether your complex consists of commercial, residential, or a mixture of both, we can create a package to meet your needs. Examples of coverage commonly included are:

  • Building Coverage
  • Common Property
  • Boiler & Machinery Breakdown
  • Volunteer Accident Coverage
  • General Liability
  • Directors & Officers Liability

Obtaining an insurance proposal is quick and simple. Just call our office today and one of our commercial brokers will be happy to assist you.

What is strata insurance?

Strata insurance is coverage to protect against physical loss to the common property of strata corporations as well as the liability exposures that such properties face. Sometimes referred to as strata community insurance, these policies are designed to protect the common interests of the shareholders (unit owners) in a strata corporation. There are a number of coverage options available to cover specific types of exposure ranging from water losses to fixtures to accidental injury to volunteer owners performing duties on strata property. There are also different packages designed for residential strata insurance, commercial strata insurance and mixed residential/commercial strata insurance properties.

There are a wide range of exposures that strata corporations face, with numerous options to protect against them. SeaFirst has experienced insurance advisors that understand theses exposures whom can provide the solutions to address them. As ‘approved’ brokers to a number of property management companies, we are also members of the Vancouver Island Strata Owners Association and are often consulted by professionals seeking strata-related insurance advice. Our advisors use a ‘hands-on’ approach with our clients by regularly attending strata meetings and explaining how the various coverage under strata and individual condo policies compliment one another.

Another way that SeaFirst continues this ‘hands-on’ approach is through our dedicated claims staff. Our claims team helps ensure that our client’s claims are moving along in a timely fashion and that their needs are being met. When a claim occurs in multi-unit structures such as strata properties, it often involves multiple insurance companies with adjusters representing the various unit owners. These complicated losses can be stressful so to help manage this for our clients, SeaFirst uses highly trained ‘independent’ adjusters. These adjusters investigate the loss and negotiate the settlement of the loss on behalf of our clients.

Get your strata insurance quote today! Contact one of our offices today to learn how SeaFirst’s experience strata insurance advisors can help you.

For an explanation on Strata Earthquake Deductibles, please check out our video:

Need some more information? There is a lot to consider when purchasing strata insurance compared to other forms of insurance. Click the button below to download our free guide.

Choosing Strata Insurance: A Guide for Strata Council Members

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I was satisfied and pleased with the prompt attention with which our claim was handled. Each person I spoke to during this process was very helpful.

- Sue, Intelligent Traffic Equipment
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The service received from SeaFirst, the adjusters, the insurers and the restoration people was great. I highly recommend everybody who was involved. Thanks for the help in a horrible situation.

- Nighean Anderson
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SeaFirst and Garrett have been wonderful to deal with, quick to respond to our needs and questions. Even better is that they saved us a ton of money on our insurance with their adventure tourism specific policy. 

- Breanne and Rick, Spirit of the West Adventures Ltd.