Are there specific insurance products designed for short-term rentals in strata schemes?

Strata Insurance is general insurance that covers common property under the management of a strata title or body corporate entity. The premiums for Strata ... Find out what insurance a body corporate must take out if it is registered under a building format plan. 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. 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 ... Your strata insurance coverage includes legal liability protection for the Owners Corporation. While this doesn't cover individual unit owner liability, it does ... Strata insurance covers the building, including internal structural elements of units, but the contents are an individual responsibility. May 5, 2021 ... Minimum insurance. Insurance is important to protect your owners corporation (formerly body corporate) and the personal assets of all lot owners ... 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 ... Travelers has been an insurance leader, committed to keeping pace with the ever changing needs of our customers, for over 160 years. As one of the nation's ... 150 (1) The strata corporation must obtain and maintain liability insurance to insure the strata corporation against liability for property damage and bodily ...