What are the record-keeping requirements for strata insurance?

Nov 28, 2024 ... Recommendations in the policy paper look at ways insurance affordability can be addressed and owners' corporations can be supported to deliver ... Who should consider it? Strata insurance is compulsory in every state – so if you're part of an owners' corporation in a townhouse, unit, flat, apartment or ... 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 ... Sep 23, 2024 ... on average, strata Insurance policies are currently experiencing premium increases of 10-20% or more for properties with no outstanding claims ... Sep 3, 2024 ... The guidance helps Subscribers interpret how these principles apply to the provision of strata insurance products as well as clarifying ... 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. Avoid churn-and-burn relationships as they erode trust, decrease long-term value, and damage your reputation. Instead, focus on building trusted partnerships ... For over a decade, FS Insurance Brokers has provided ongoing support to FirstService Residential Strata councils, residents, and managers in British Columbia. Basically, under GIO Strata Insurance, there are things that are considered your building* (like verandas), and common contents (such as shared laundry ... Dec 16, 2024 ... This guide outlines essential changes in how SCA members disclose strata insurance practices. At Vantage Strata, we're proud to follow this guide.