It may not be the fault of the OC. I am an owner in a mixed industrial units and storage units building. The last two years we have had only one insurer prepared to take our business, and that’s likely only because they have been the only insurer since inception. The broker says that because of the types of lots, particularly storage lots, insurers consider this to be a high risk building and hence decline to insure us.
Our broker has said that in the future if all insurers decline, we will need to look for an insurer outside of the approved strata list.