Tag: insurance

Valuation Definitions

When reading the insurance policy, there are many terms about valuation. Actual Cash Value: the fair or reasonable cash price property would bring in a fair market, allowing for depreciation. Assessed Value: The valuation placed on property by a public tax assessor for purposes of taxation. The main assessor for B.C. is BC Assessment, a

How to read your condo insurance policy

First of all, the building is covered by your Strata insurance policy. So, no need to worry too much about your building, including structure, roof, wall, etc. But the others are not covered by your strata insurance policy. That is why you need buy your own unit insurance policy, or condo insurance. There are some

Earthquake may happen in Vancouver

Last weekend, there were reports on a higher probability of an earthquake in western canada. CBC news said: Seismic scientists say there is a greater probability of a major earthquake on B.C.’s South Coast in the next week, following a series of minor quakes that have worked their way up from Washington. But seismologist Garry