Strata and Strata Corporation Insurance

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Insurance Expertise for Strata, Mixed‑Use, and Community‑Owned Properties

Axis Insurance provides commercial insurance solutions for strata corporations and community real estate properties across British Columbia. Our real estate practice delivers insurance programs for residential, commercial, and mixed-use properties, aligned with the Strata Property Act and shared ownership governance.

What We Offer

  • Dedicated Strata Advisors
  • Flexible Deductible Options
  • Loss Exposure Education
  • Claims Assistance and Advocacy
  • Coordination with Appraisal Firms
  • Clear guidance for councils, boards, and property managers

PAMA Member

Axis Insurance is a member of the Professional Association of Managing Agents (PAMA), reflecting our commitment to professional standards and collaboration within the property management community.

Our role is to help community real estate stakeholders make informed insurance decisions with clarity and confidence.

Understanding Strata Property Risk

Strata and community-owned properties involve shared assets, defined governance responsibilities, and varied occupancy profiles. These factors directly shape how risk is assessed and how insurance programs are structured.

Axis works closely with strata councils, property managers, investors and owners to align coverage with:

  • Property type and construction
  • Common property and shared assets
  • Occupancy and use
  • Regulatory insurance requirements in British Columbia
Download Brochure: Strata Insurance Guide

Mandatory Insurance Coverage in British Columbia

The Strata Property Act requires all strata corporations to maintain specific forms of insurance coverage. These requirements apply to residential, commercial, and mixed-use strata properties.

Property Insurance

Property insurance covers common property, strata property, and assets shown on the strata plan. Policies are written to full replacement cost and cover insured perils outlined in provincial legislation.
Coverage typically includes:

  • Building structures
  • Original fixtures installed by the developer
  • Shared mechanical and electrical systems
  • Common areas such as garages, rooftops, and amenities

Liability Insurance

Public liability insurance is mandatory for all strata properties. Coverage applies to third-party bodily injury, death, and property damage occurring on the insured property where the strata corporation may be held legally responsible.

Unit Owners and Shared Responsibility

Strata corporation insurance protects common property and original building components. Individual owners remain responsible for coverage related to their personal interests within their units.

Owner policies typically address:

  • Personal property
  • Improvements and betterments
  • Personal liability
  • Additional living expenses
  • Loss assessments and deductible charges

Axis supports councils and property managers by helping owners understand how the master policy and individual coverage work together.

Request a Strata Insurance Consultation

Finding Strata Insurance can be daunting. Let us do the work for you in securing the best available options.
Connect with Axis to discuss insurance solutions for your strata property.

To request a quote, speak with an Axis strata team member.