Are there any specific insurance considerations for strata schemes involved in boundary disputes with neighboring properties?

Jun 12, 2023 ... Many strata insurance policies provide an optional section of cover called “Machinery Breakdown” or “Equipment Breakdown” to guard against monetary losses. The strata insurance policy provides property coverage for Common Property, including any buildings shown on the strata plan, the common assets and any ... Strata insurance covers the common areas and shared facilities of your building, while building insurance covers the structure of the buildings and your ... Why pick Strata for your insurance needs? Save time and money. Nobody loves getting insurance. But we make it easy and hassle-free by shopping around to find ... Strata Insurance covers residential buildings within a complex and common areas such as garages, sealed driveways, and swimming pools. We are going to chat about the insurance that this entity must carry, what's inside this policy, and how it directly affects unit owners. Aug 17, 2022 ... The owners corporation of each property is obligated to take out strata insurance to cover the building, common area contents, and additional legal liability. Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owner's corporation. Aug 8, 2013 ... What's covered by Strata Building Insurance? ; Fire/Arson; Vandalism; Glass Breakage; Storm/Tempest; Vehicular Impact; Burst Pipes ; Internal ... Strata Insurance Final Report. Read BCFSA's report into B.C.'s unhealthy strata insurance market. · Consumer Alerts. Alerts are published by the BC Financial ...