As we move into 2020 I’m starting to receive more strata insurance renewals. Most of the Downtown strata’s I’m following are seeing their premiums going up between 75-100% and their deductibles doubling. There are some outliers that have had claims that are much much higher including one in Brentwood that had a 345% increase. This brought the strata’s annual insurance bill up to $500,000 and a tripling of their deductibles to $150,000 for water damage.