Are there any specific insurance considerations for strata schemes with shared facilities managed by a separate entity?

All Owners Corporations of a Strata Scheme insure the building and keep the building insured under a contract of insurance against fire, lightning, explosion ... May 23, 2024 ... Strata insurance is designed to protect you and your property as a lot owner. It provides general insurance cover for common property under the ... 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 ... May 13, 2024 ... In this article, let's meet the 18 insurance underwriters strata citizens players will come across. We offer insurance for all strata risks, including: Our product strives for market leadership through its innovative features, superior quality and pricing ... 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 ... Strata insurance usually includes cover for common areas such as gardens, lifts, walls, windows, pools, ceiling, floors and some liability cover for injury to ... In this article, we will explore the coverage provided by flood insurance policies, debunk misconceptions about flood cover, and provide insights into ... Strata insurance covers the building and common property around the building. The cover normally extends as far as the fences and driveways and includes ... Strata Insurance is general insurance that covers common property under the management of a strata title or body corporate entity. The premiums for Strata ...