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149 Property Insurance Required For Strata Corporation

In This Volume

149 (1) The strata corporation must obtain and maintain property insurance on

  • (a) common property,
  • (b) common assets,
  • (c) buildings shown on the strata plan, and
  • (d) fixtures built or installed on a strata lot, if the fixtures are built or installed by the owner developer as part of the original construction on the strata lot.
  • (2) For the purposes of subsection (1)(d) and section 152(b), “fixtures” has the meaning set out in the regulations.
  • (3) Subsection (1)(d) does not apply to a bare land strata plan.
  • (4) The property insurance must
  • (a) be on the basis of full replacement value except in prescribed circumstances, if any, and
  • (b) insure against major perils, as set out in the regulations, and any other perils specified in the bylaws.

1998-43-149, effective July 1, 2000 (B.C. Reg. 43/2000); 2000-26-62; 2020-16-8, effective August 14, 2020.


The Strata Property Regulation, B.C. Reg. 43/2000, is included at chapter 58 (Strata Property Regulations).

“Fixtures”: Section 149(1)(d)

See s. 9.1(1) of the Strata Property Regulation for the definition of “fixtures” for the purpose of s. 149(1)(d) of the Act.

“Major Perils”: Section 149(4)(b)

See s. 9.1(2) of the Strata Property Regulation for the definition of “major perils” for the purpose of s. 149(4)(b) of the Act.