Whereas the Province of British Columbia through the Emergency and Disaster Management Act EDMA, is undertaking significant reforms that include updated emergency management planning, risk assessment protocols, and the implementation of the forthcoming Provincial Disaster and Climate Risk and Resilience Assessment DCRRA; And whereas these new risk assessments, while important for public safety and resilience, may result in unintended consequences for BC homeowners, including increased insurance premiums, loss of insurance coverage, andor the inability to secure mortgage financing due to regionally applied risk levels that may not reflect mitigation efforts or geographic specific realities: Therefore be it resolved that UBCM request the Province of British Columbia to work proactively with the insurance and mortgage lending industries to ensure that the implementation of the Emergency and Disaster Management Act regulations, including the Provincial Disaster and Climate Risk and Resilience Assessment, does not negatively affect homeowners access to property insurance or mortgage financing; And be it further resolved that the Province establish protective policy measures and legislative safeguards that ensure fair treatment of homeowners, particularly in rural, remote, and Indigenous communities where regional risk assessments may not be indicative of individual subsections.
