2023-2024 Insurance

The 2023-2024 Peaks insurance documents have now been posted to the Owners’ Info section of our website. Despite the worst wildfire season on record in BC and an 11.3% increase in the Peaks’ appraised value, from $65,000,000 to $72,350,000, a substantial reduction of 14.1% in our premium, from $343,890 last year to $295,519 this year, was achieved, a savings of $48,371. This was directly due to the good work of our Maintenance Committee, Peaks Maintenance & the Board, which resulted in a glowing report on a risk assessment inspection that was required by our insurers. Very good & welcome news!