What are the professional indemnity insurance requirements for strata managers?

Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. May 13, 2024 ... In this article, let's meet the 18 insurance underwriters strata citizens players will come across. Strata insurance typically covers common area contents, the building and shared property in the event of loss or damage. Generally, events like theft of common ... Who should consider it? Strata insurance is a compulsory in every state - so if you're part of an owners' corporation in a townhouse, unit, flat, apartment or ... We offer insurance for all strata risks, including: Our product strives for market leadership through its innovative features, superior quality and pricing ... Dec 13, 2022 ... A general guide to help explain how the responsibility for repairs may be governed in cases where the strata corporation's insurance policy is not triggered. Strata Insurance policies cover material damage as a result of an insured peril to structural fixtures including fixed plant, machinery and underground services ... 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 ... 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 ... Mar 22, 2020 ... Strata insurance provides cover for the property & responsibilities of the owners corporation. Typically, strata insurance will not provide cover.