How can a strata committee mitigate the insurance risks associated with short-term letting?

Basically, under GIO Strata Insurance, there are things that are considered your building* (like verandas), and common contents (such as shared laundry ... Aug 21, 2023 ... Transaction to create leading corporate risk and strata insurance offering in Australia and New Zealand. Sydney, 21 August, 2023 – Marsh, ... 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 ... Jul 30, 2021 ... The issue that we're all facing is the high deductibles for sewer/flood under the entire building's insurance that strata buys every year. Strata Insurance policies cover material damage as a result of an insured peril to structural fixtures including fixed plant, machinery and underground services ... Aug 22, 2022 ... Insurers cover the cost to repair water damage to insured property but generally exclude repair costs related to finding and fixing the leak, as ... Aug 8, 2013 ... What's covered by Strata Building Insurance? ; Fire/Arson; Vandalism; Glass Breakage; Storm/Tempest; Vehicular Impact; Burst Pipes ; Internal ... Strata Insurance is general insurance that covers common property under the management of a strata title or body corporate entity. The premiums for Strata ... This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ... Jan 23, 2025 ... There are many specific requirements for insurance in strata schemes but as a general rule all insurances are taken out by the body corporate.