What are the insurance considerations for stormwater drainage issues on common property?

Strata insurance covers the building, including internal structural elements of units, but the contents are an individual responsibility. Mar 13, 2024 ... Sedgwick addresses the biggest concerns of the strata community by offering tailored insurance solutions, simplifying policy complexities, preventing ... Strata insurance can cover the building and all common or shared property, and contents which belong to the owners' corporation. The type of cover and its cost ... Nov 21, 2023 ... – Unless bylaws amended, strata corporation is not responsible to insure for buildings on bare land strata lot that are not shown on the strata ... The strata insurance policy provides property coverage for Common Property, including any buildings shown on the strata plan, the common assets and any ... Travelers has been an insurance leader, committed to keeping pace with the ever changing needs of our customers, for over 160 years. As one of the nation's ... 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 ... Find out what insurance a body corporate must take out if it is registered under a building format plan. 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 ... Bonus ThankYou® Points are not available if you received a new account bonus for a Citi Premier® or Citi Strata ... Coverage (car rental insurance). 2. Points ...