I have been reporting on the increased home insurance rates for several years now. Lately it’s been in the news that several Lower Mainland strata’s have been hit with 200-300% insurance rate increases. I’m here to report that these kind of massive increases are not the norm and these strata’s appear to be outliers because of excessive claims (fire, water damage claims). Make no mistake, strata insurance rates have been increasing at a double digit rates here the past 2-3 years. Keep in mind these increased rates are shared amongst the 100 or 200 other owners in your strata and the majority of the increases I have seen in Vancouver equate to an extra $3 or $4 more a month on your monthly strata fees.