Are there any specific insurance considerations for strata schemes offering shared mobility options (e.g., shared cars or bikes)?

For over a decade, FS Insurance Brokers has provided ongoing support to FirstService Residential Strata councils, residents, and managers in British Columbia. 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. Who should consider it? Strata insurance is a compulsory in every state - so if you're part of an owners' corporation in a townhouse, unit, flat, apartment or ... Strata insurance covers the common areas and shared facilities of your building, while building insurance covers the structure of the buildings and your ... Jul 4, 2023 ... Strata insurance is structured to protect common contents and property under a strata title or body corporate entity. Strata insurance is generally intended to cover common property, and limited common property (the structure). With insurance rates for condos and townhouses climbing 50 to 300 percent – and in one case nearly 800 percent – condo and townhouse owners in BC are worried. Who should consider it? Strata insurance is compulsory in every state – so if you're part of an owners' corporation in a townhouse, unit, flat, apartment or ... Jun 25, 2021 ... Public liability insurance is mandatory for all strata property whether commercial, residential, or mixed-use strata property. Public liability ... Jun 12, 2023 ... Many strata insurance policies provide an optional section of cover called “Machinery Breakdown” or “Equipment Breakdown” to guard against monetary losses.