Are there any specific insurance considerations for strata schemes participating in industry benchmarking or best practice programs?

Nov 21, 2023 ... – Unless bylaws amended, strata corporation is not responsible to insure for buildings on bare land strata lot that are not shown on the strata ... NRMA's Residential Strata Insurance offers cover for both the strata titled building and common areas, such as gardens, balconies and pools, against loss or ... About us. Strata Insurance Group is an Independent Insurance Agency representing dozens of insurance carriers. Through these channels we can confidently satisfy ... Jun 12, 2023 ... Many strata insurance policies provide an optional section of cover called “Machinery Breakdown” or “Equipment Breakdown” to guard against monetary losses. Jun 16, 2020 ... BC strata corporations have been facing substantial increases to their insurance rates and deductibles, with many seeing significant premium increases on ... Feb 7, 2024 ... As of this year, there are no major changes to SPA. It still tells us that comprehensive property insurance is mandatory for all strata properties except bare ... Feb 18, 2024 ... Strata will have a building insurance policy which will cover things like damage to the structural building, common property areas etc. You ... Aug 29, 2024 ... Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. Strata insurance usually includes cover for common areas such as gardens, lifts, walls, windows, pools, ceiling, floors and some liability cover for injury to ... We cover you for damages to the building, its contents, loss of rent and various owners' liabilities that you have.