How does vacancy affect insurance risks and potential claims?

This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ... NRMA's Residential Strata Insurance offers cover for both the strata titled building and common areas, such as gardens, balconies and pools, against loss or ... Strata Insurance Group LLC. Get a quote. Auto, Home, Renters, Condo, Boat or Watercraft, Motorcycle, RV, Umbrella, Landlord Protection. 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 ... May 23, 2024 ... Strata insurance is designed to protect you and your property as a lot owner. It provides general insurance cover for common property under the ... Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owner's corporation. Jul 10, 2023 ... The strata insurance market continues to harden with insurance premiums subject to sustained increases. Even where there has been no claims ... Does Strata Cover Building Insurance? Strata building insurance covers the building, common area contents, loss of rent/temporary accommodation, and public ... 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 ... Effective Nov. 1, 2020, amendments will require insurers or insurance agents to provide 30-day advanced notice directly to strata corporations of their ...