How can lot owners contribute to ensuring adequate insurance coverage for the strata scheme?

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 ... Strata Insurance Final Report. Read BCFSA's report into B.C.'s unhealthy strata insurance market. · Consumer Alerts. Alerts are published by the BC Financial ... 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 ... Strata insurance covers the building and common property around the building. The cover normally extends as far as the fences and driveways and includes ... 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 provides cover for the common, or shared areas of apartment buildings or townhouse complexes. As well as insuring the building itself, ... Effective Nov. 1, 2020, amendments will require insurers or insurance agents to provide 30-day advanced notice directly to strata corporations of their ... Hutch's Residential Strata policy protects bodies corporate from Property and Liability claims. In an industry first, our innovative product offering includes ... Energising the strata insurance market: affordability, availability, competition - May 2023 Strata Insurance Disclosure Handbook User Guide - Sept 2023