How can a well-structured and managed strata insurance policy contribute to the long-term financial sustainability of a strata scheme?

For over a decade, FS Insurance Brokers has provided ongoing support to FirstService Residential Strata councils, residents, and managers in British Columbia. Dec 16, 2024 ... This guide outlines essential changes in how SCA members disclose strata insurance practices. At Vantage Strata, we're proud to follow this guide. Energising the strata insurance market: affordability, availability, competition - May 2023 Strata Insurance Disclosure Handbook User Guide - Sept 2023 Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. Dec 6, 2022 ... Under strata or body corporate management legislation in those States, an owners' corporation is excluded from the operation of the Corporations ... 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 in NSW is designed to protect the owners corporation of a strata title property. Strata building insurance covers common or shared property ... Strata Insurance covers residential buildings within a complex and common areas such as garages, sealed driveways, and swimming pools. Apr 22, 2024 ... A strata owner may be required to pay the strata corporation's insurance deductible. This could be a significant expense as deductibles of ... Jun 25, 2021 ... Public liability insurance is mandatory for all strata property whether commercial, residential, or mixed-use strata property. Public liability ...