Insuring Commercial Strata Units – What Brokers Need to Know
By Jo Anne Mitchell CIP
Effective Training & Communications Plus
Jo Anne Mitchell, principal of Effective Training & Communications Plus, is an insurance trainer based in Oliver, B.C.
1 Technical Credit for Level 1, 2, and 3 General Insurance Agents and Salespersons.
To qualify for CE credit…
– Read the entire article carefully, including all its sections and content labelled ‘Mandatory’.
– Select the ‘Mark Complete’ button at the end of each section to track your progress.
– Successfully challenge the quiz to demonstrate your learning.
– Select the ‘Completion Certificate’ link to save and download your personalized completion certificate.
Please Note: CE credits from this HyperArticleTM can only be used once towards your CE requirements every three licence periods. For further information on CE regulations, please refer to the Insurance Council of BC’s website.
Overview
This HyperArticle™ introduces you to the nuances of insuring commercial strata units in British Columbia, emphasizing that standard residential condo policies are inadequate. You’ll learn about essential coverages for commercial-strata unit owners, including business contents, unit improvements, unit contingent, loss assessment, and responsibility for the strata corporation’s deductible. Understanding unit entitlements and the implications for shared ownership and insurance responsibilities is key.
When you’re ready, please go to the first content section…
