What are the insurance implications of accidents or injuries occurring on common property during private events?

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 ... 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 ... 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 ... Aug 21, 2023 ... Transaction to create leading corporate risk and strata insurance offering in Australia and New Zealand. Sydney, 21 August, 2023 – Marsh, ... Sep 23, 2024 ... on average, strata Insurance policies are currently experiencing premium increases of 10-20% or more for properties with no outstanding claims ... Does Strata Cover Building Insurance? Strata building insurance covers the building, common area contents, loss of rent/temporary accommodation, and public ... Insurance for residential strata buildings and common areas and contents from theft, storm, water damage and fire as well as legal liability. 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. This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ...