Are there specific risks associated with coastal properties that affect insurance?

This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ... Strata insurance covers the building and common property around the building. The cover normally extends as far as the fences and driveways and includes ... May 13, 2024 ... In this article, let's meet the 18 insurance underwriters strata citizens players will come across. Strata Insurance is general insurance that covers common property under the management of a strata title or body corporate entity. The premiums for Strata ... Sep 23, 2024 ... on average, strata Insurance policies are currently experiencing premium increases of 10-20% or more for properties with no outstanding claims ... The strata corporation must have public liability insurance for an amount specified in the regulations, currently at least $10 million [s 31, reg 14]. Fidelity ... Strata Insurance covers residential buildings within a complex and common areas such as garages, sealed driveways, and swimming pools. We have more than five decades of strata insurance experience across six countries – so we know how to reduce the significant financial risks in getting the ... 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 a comprehensive policy that will satisfy the requirements of the Strata Act and ensure the building is properly covered in the event of a loss.