What are the insurance considerations for asbestos in strata buildings?

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 ... World class insurance software. Powering profitable growth for insurance retailers and modern digital journeys for consumers, CDL Strata is the retail platform ... Your strata insurance coverage includes legal liability protection for the Owners Corporation. While this doesn't cover individual unit owner liability, it does ... Nov 28, 2024 ... Recommendations in the policy paper look at ways insurance affordability can be addressed and owners' corporations can be supported to deliver ... 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 ... 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, ... It typically covers common areas like hallways, gardens, roofs, and shared facilities. The insurance provides financial protection against damage, theft, or ... i The growing construction costs have led to an increase in the insured values of B.C. strata buildings (i.e., the replacement and repair costs that insurers ... Welcome to Strata Insurance. Badly managed Insurance processes cause anxiety and stress for you, your Owners Corporation Management colleagues. This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ...