What are the limits of legal expenses coverage?

Jul 10, 2023 ... The strata insurance market continues to harden with insurance premiums subject to sustained increases. Even where there has been no claims ... It typically covers common areas like hallways, gardens, roofs, and shared facilities. The insurance provides financial protection against damage, theft, or ... Mar 21, 2022 ... Strata insurance is designed to cover all shared elements of a strata building or property. The following list outlines commonly accepted strata insurance ... Strata Insurance is a type of insurance specifically designed for owners and managers of strata properties. The strata insurance policy provides property coverage for Common Property, including any buildings shown on the strata plan, the common assets and any ... Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. Basically, under GIO Strata Insurance, there are things that are considered your building* (like verandas), and common contents (such as shared laundry ... Strata insurance covers the common areas and shared facilities of your building, while building insurance covers the structure of the buildings and your ... With insurance rates for condos and townhouses climbing 50 to 300 percent – and in one case nearly 800 percent – condo and townhouse owners in BC are worried. Jun 16, 2020 ... BC strata corporations have been facing substantial increases to their insurance rates and deductibles, with many seeing significant premium increases on ...