What are the potential consequences of a lack of transparency regarding strata insurance?

Strata insurance is generally intended to cover common property, and limited common property (the structure). Jul 5, 2023 ... ... insurance coverage. Trowbridge strata review. John Trowbridge released the final report in his independent review of strata insurance in May. 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. Strata insurance covers the common areas and shared facilities of your building, while building insurance covers the structure of the buildings and your ... This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ... Quick Links · Copyright © 2024 Strata Insurance Services. All rights reserved. ABN 14 167 214 182 · Request a Quote. Your name. Your email. Subject. Strata Insurance covers residential buildings within a complex and common areas such as garages, sealed driveways, and swimming pools. Strata insurance usually includes cover for common areas such as gardens, lifts, walls, windows, pools, ceiling, floors and some liability cover for injury to ... Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. Do you need Strata Insurance? Strata Insurance is mandatory in Australia and covers common property under a strata title or body corporate. When purchasing a ...