How can the strata committee ensure adequate insurance coverage for a building with many tenants?

The higher deductibles will affect you in two ways: 1. Your strata will no longer be able to make claims that would have been covered under your previous ... Effective Nov. 1, 2020, amendments will require insurers or insurance agents to provide 30-day advanced notice directly to strata corporations of their ... Bonus ThankYou® Points are not available if you received a new account bonus for a Citi Premier® or Citi Strata ... Coverage (car rental insurance). 2. Points ... Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. The strata insurance policy provides property coverage for Common Property, including any buildings shown on the strata plan, the common assets and any ... Find out what insurance a body corporate must take out if it is registered under a building format plan. 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 ... Welcome to Strata Insurance. Badly managed Insurance processes cause anxiety and stress for you, your Owners Corporation Management colleagues. Strata insurance covers the building, including internal structural elements of units, but the contents are an individual responsibility. Strata Insurance covers residential buildings within a complex and common areas such as garages, sealed driveways, and swimming pools.