What are the insurance considerations for mixed-use strata schemes?

Jan 23, 2025 ... There are many specific requirements for insurance in strata schemes but as a general rule all insurances are taken out by the body corporate. cleaning. • insurance. • gardening. • small maintenance jobs. • building insurance. • utility bills for common property. • administrative costs. • strata ... Insurance for residential strata buildings and common areas and contents from theft, storm, water damage and fire as well as legal liability. What does strata insurance cover? · building fixtures such as pipes, hot-water systems, intercoms and air-conditioners · common property including gardens, ... Jul 4, 2023 ... Strata insurance is structured to protect common contents and property under a strata title or body corporate entity. Strata Insurance provides cover for the common, or shared areas of apartment buildings or townhouse complexes. As well as insuring the building itself, ... Quick Links · Copyright © 2024 Strata Insurance Services. All rights reserved. ABN 14 167 214 182 · Request a Quote. Your name. Your email. Subject. Dec 16, 2024 ... This guide outlines essential changes in how SCA members disclose strata insurance practices. At Vantage Strata, we're proud to follow this guide. 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 ... Aug 22, 2022 ... Insurers cover the cost to repair water damage to insured property but generally exclude repair costs related to finding and fixing the leak, as ...