Are there any specific insurance considerations for strata schemes with significant common property assets (e.g., extensive gardens, large recreational facilities)?

Mar 22, 2020 ... Strata insurance provides cover for the property & responsibilities of the owners corporation. Typically, strata insurance will not provide cover. Strata Insurance provides cover for the common, or shared areas of apartment buildings or townhouse complexes. As well as insuring the building itself, ... We offer insurance for all strata risks, including: Our product strives for market leadership through its innovative features, superior quality and pricing ... In this article, we will explore the coverage provided by flood insurance policies, debunk misconceptions about flood cover, and provide insights into ... Basically, under GIO Strata Insurance, there are things that are considered your building* (like verandas), and common contents (such as shared laundry ... About us. Strata Insurance Group is an Independent Insurance Agency representing dozens of insurance carriers. Through these channels we can confidently satisfy ... 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 ... 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 ... 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 ... Find out what insurance a body corporate must take out if it is registered under a building format plan.