What are the insurance considerations for environmental contamination?

Sep 7, 2021 ... The SCA Strata Insurance Taskforce brings together the strata management, insurance and broking industries with representation from across ... Effective Nov. 1, 2020, amendments will require insurers or insurance agents to provide 30-day advanced notice directly to strata corporations of their ... Dec 6, 2022 ... Under strata or body corporate management legislation in those States, an owners' corporation is excluded from the operation of the Corporations ... 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 ... Who should consider it? Strata insurance is compulsory in every state – so if you're part of an owners' corporation in a townhouse, unit, flat, apartment or ... Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owner's corporation. Aug 29, 2024 ... Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. In this article, we will explore the coverage provided by flood insurance policies, debunk misconceptions about flood cover, and provide insights into ... Strata insurance is generally intended to cover common property, and limited common property (the structure). Strata insurance covers the building, including internal structural elements of units, but the contents are an individual responsibility.