What are the common misunderstandings or frustrations that lot owners have regarding strata insurance?

Mar 13, 2024 ... Sedgwick addresses the biggest concerns of the strata community by offering tailored insurance solutions, simplifying policy complexities, preventing ... What is Strata Insurance? · Strata Insurance covers the owner's corporation for loss of or damage to buildings, contents of common areas, Public Liability and ... Oct 27, 2022 ... Covers against any claim for compensation or expenses that you become legally liable to pay for such as personal Injury or property damage, ... 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 protects the building and common areas or facilities, with the premiums paid for by the owner's corporation. Effective Nov. 1, 2020, amendments will require insurers or insurance agents to provide 30-day advanced notice directly to strata corporations of their ... Strata insurance usually includes cover for common areas such as gardens, lifts, walls, windows, pools, ceiling, floors and some liability cover for injury to ... Strata Insurance is a type of insurance specifically designed for owners and managers of strata properties. We are going to chat about the insurance that this entity must carry, what's inside this policy, and how it directly affects unit owners. Feb 18, 2024 ... Strata will have a building insurance policy which will cover things like damage to the structural building, common property areas etc. You ...