By Negina Khalil (January 4, 2021, 10:39 AM EST) -- British Columbia is home to almost 700,000 strata properties, ranging up to more than $200 million in insured value for these buildings and the common property within them. Strata corporations are statutorily required, pursuant to the Strata Property Act, to maintain property and liability insurance in an amount equal to the full replacement value of the property in question....