Strata Life - Repairs, Depreciation and Contigency Reserves

[Vin]

With more natural disasters (floods and fires), insurance companies are paying off big time to affected properties, especially on woodframe structures in the boonies: many of them SFHs. These high-risk properties are close to rivers, edge of woods, etc. Hence in order to recoup, these insurance companies, many from the US, are targetting condo stratas. Shameful I must say.