What is the importance of reading the Product Disclosure Statement (PDS)?

Jun 12, 2023 ... Many strata insurance policies provide an optional section of cover called “Machinery Breakdown” or “Equipment Breakdown” to guard against monetary losses. Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. 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 ... Aug 21, 2023 ... Transaction to create leading corporate risk and strata insurance offering in Australia and New Zealand. Sydney, 21 August, 2023 – Marsh, ... Strata insurance protects the building and common areas or facilities, with the premiums paid for by the owner's corporation. It typically covers common areas like hallways, gardens, roofs, and shared facilities. The insurance provides financial protection against damage, theft, or ... Jun 16, 2020 ... BC strata corporations have been facing substantial increases to their insurance rates and deductibles, with many seeing significant premium increases on ... 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. Find out what insurance a body corporate must take out if it is registered under a building format plan. This coverage offers financial protection if you're required to pay a portion of a Strata Corporation deductible when an insurance claim is filed. Strata ...