Are there any specific insurance considerations for strata schemes facing challenges related to aging infrastructure or deferred maintenance?

May 5, 2021 ... Minimum insurance. Insurance is important to protect your owners corporation (formerly body corporate) and the personal assets of all lot owners ... Insurance for residential strata buildings and common areas and contents from theft, storm, water damage and fire as well as legal liability. We have more than five decades of strata insurance experience across six countries – so we know how to reduce the significant financial risks in getting the ... This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ... Dec 6, 2022 ... Under strata or body corporate management legislation in those States, an owners' corporation is excluded from the operation of the Corporations ... With InsureBC's Strata Water Deductible Insurance, you can rest assured that you will be protected from the financial burden of high deductibles. An insurance broker can arrange strata insurance on behalf of the owners' corporation. "As a strata owner, you also have a share of an unlimited liability ... Welcome to Strata Insurance. Badly managed Insurance processes cause anxiety and stress for you, your Owners Corporation Management colleagues. All Owners Corporations of a Strata Scheme insure the building and keep the building insured under a contract of insurance against fire, lightning, explosion ... Avoid churn-and-burn relationships as they erode trust, decrease long-term value, and damage your reputation. Instead, focus on building trusted partnerships ...