Trump Tower Vancouver: Residents increase insurance for terrorism

Trump Tower Vancouver: Residents increase insurance for terrorism | Vancouver Sun – According to strata minutes from a meeting on Jan. 17, 2017, residents were told of plans to upgrade the building’s insurance coverage to reflect “concerns surrounding recent local and world events.”

“It has been confirmed that the hotel ownership will be undertaking to acquire the additional coverage, including terrorism to the full value of their air space parcel (ASP),” the strata minutes read.

“Discussion ensued with the owners present, particularly the review of the costs for coverage estimated at an upper rate of $40,000/year for the residences. It was ultimately approved.”

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