Cost of Living

What drives the cost of condo insurance?

The insurance business is all about risk — so is that what's driving some condo insurance policies to go up in price?

In some cases, the rates are soaring but it's not a simple calculation

Vancouver condo towers are pictured in this 2018 file photo. (Darryl Dyck/Canadian Press)
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The insurance business is all about risk — so is that what's driving some condo insurance policies to go up in price?

  • CBC Radio's business and economics show, Cost of Living, moves to a new timeslot on CBC Radio One starting FRIDAY, JANUARY 3, 2020 at 11:30 a.m.

Tracy Fuller helps explain how the prices are affected by things ranging from climate change to extreme weather to the unique nature of condo living versus single-family homes.


Click "listen" above to hear the segment, or download the Cost of Living podcast.

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