Strata and Strata Corporation Insurance

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Insurance Built for Stratas, Condos, and Mixed-Use Buildings

Axis Insurance provides commercial insurance for strata corporations and shared properties across British Columbia. Whether your building is strictly residential, commercial, or a mix of both, we design insurance plans to fit your community’s needs.

How We Help You

  • Strata Experts: Real people who understand your unique needs.
  • Flexible Deductibles: Options that work for your budget.
  • Risk Education: We explain what risks your building faces and how to prevent issues.
  • Claims Support: We stand by your side and handle the heavy lifting during a claim.
  • Appraisal Coordination: We work with experts to ensure your building value is accurate.
  • Clear Guidance: Simple advice for strata councils, boards, and property managers.

Proud PAMA Members

Axis Insurance is a member of the Professional Association of Managing Agents (PAMA). This means we are deeply connected to BC’s property management community and always work to the highest professional standards. We are here to help you make smart insurance choices with total clarity.

A National Brokerage with Local Expertise

Axis Insurance is a proudly Canadian, independent brokerage with a strong presence across the country. We support strata corporations throughout British Columbia with local expertise backed by national strength.

  • Specialized Capability: We bring the scale, market access, and expertise needed for complex properties.
  • Proven Experience: Decades of experience serving Canadian organizations and communities.
  • Full-Service Brokerage: Access to a wide range of insurance and risk solutions, all in one place.

Understanding Your Property’s Risks

Shared properties have unique needs because of shared spaces, community rules, and different types of residents. These details change how we look at your risk and set up your coverage.

We work closely with strata councils, property managers, and owners to match your coverage to your:

  • Building size, type, and construction material.
  • Shared spaces and common assets.
  • How the building is used (residential vs. business).
  • Legal insurance requirements in BC.
Get Your Free Guide: Condo Insurance for Strata Councils

Legal Insurance Requirements

Every strata corporation must carry specific insurance. This rule applies to all residential, commercial, and mixed-use properties.

1. Building and Property Insurance

This covers common areas and anything shown on the official strata plan. Your policy is built to pay for the full cost of rebuilding if a disaster strikes.

It generally covers:

  • The main building structures.
  • Original fixtures put in by the developer.
  • Shared heating, electrical, and mechanical systems.
  • Shared areas like garages, lobbies, roofs, and gyms.

2. Liability Insurance

Every strata must have public liability insurance. This protects you if someone gets hurt or experiences property damage in a common area, and the strata is held legally responsible.

Who Covers What? (Shared Responsibility)

The strata’s master insurance policy covers common areas and original building parts. Individual owners are responsible for insuring their own space and personal belongings.

An owner’s personal policy should cover:

  • Personal belongings (furniture, clothes, electronics).
  • Upgrades made to the unit (like new flooring or counters).
  • Personal liability (if someone gets hurt inside their unit).
  • Extra living costs if they cannot live in their unit during repairs.
  • Strata deductibles or loss assessments passed down to owners.

We help councils and property managers teach owners how the main building policy and personal policies work together.

Let’s Chat About Your Strata Insurance

Finding the right strata insurance can feel overwhelming. Let us do the hard work for you to find the best options available.
Contact a member of our friendly strata team today to ask questions or get a quote: