Our History
The history of Community Housing Coverage begins with the BC Non-Profit Housing Association (BCNPHA).
The BCNPHA is the umbrella association for non-profit housing providers in BC.
Since 2006, BCNPHA has provided members with the option to directly purchase insurance through a preferred rate with an insurance partner.
But it hasn’t been enough.
Non-profit housing providers have faced steady double-digit percentage increases in property insurance costs, with average premiums now reaching tens of thousands annually, despite maintaining consistently low loss ratios.
In response, and after years of development, BCNPHA created a sector-led property insurance program, Community Housing Coverage, that aims to stabilize and ultimately reduce these premiums.
This is just the beginning, join now and be a part of our exciting future!
Noticeable Successes of Year One
In our first year, we’ve supported over 45 housing provider members in increasing their coverage for more than 335 buildings and 8,859 units, all while reducing their premiums.
Through strategic steps and partnerships, we’ve put over $1 million back into the sector, strengthening the non-profit housing community.
As we continue shaking up the insurance industry, we’re committed to this journey of transformation.