161 Owner’s Insurance

• 161 (1) Despite the Insurance Act or any other law, an owner may obtain and maintain insurance for any or all of the following:

• (a) loss or damage to the owner’s strata lot and the fixtures referred to in section 149(1)(d)
  • (i) against perils that are not insured by the strata corporation, and
  • (ii) for amounts that are in excess of amounts insured by the strata corporation;
• (b) fixtures in the owner’s strata lot, other than the fixtures referred to in section 149(1)(d);
• (c) improvements to fixtures referred to in section 149(1)(d);
• (d) loss of rental value of the owner’s strata lot in excess of insurance obtained and maintained by the strata corporation;
• (e) liability for property damage and bodily injury, whether occurring on the owner’s strata lot or on the common property.

• (2) Despite this Act, the Insurance Act or any other law, an owner of a strata lot in a bare land strata plan may obtain and maintain insurance on buildings or fixtures built or installed on the strata lot.

1998-43-161, effective July 1, 2000 (B.C. Reg. 43/2000).