What security measures can be taken to mitigate insurance risks?

May 5, 2021 ... Minimum insurance. Insurance is important to protect your owners corporation (formerly body corporate) and the personal assets of all lot owners ... 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. Insurance for residential strata buildings and common areas and contents from theft, storm, water damage and fire as well as legal liability. Your strata insurance should cover shared property such as the building's exterior, shared facilities, car park and public liability for the property. Sep 3, 2024 ... The guidance helps Subscribers interpret how these principles apply to the provision of strata insurance products as well as clarifying ... An insurance broker can arrange strata insurance on behalf of the owners' corporation. "As a strata owner, you also have a share of an unlimited liability ... Strata insurance covers the common areas and shared facilities of your building, while building insurance covers the structure of the buildings and your ... Strata insurance is generally intended to cover common property, and limited common property (the structure). This publication provides general information to understand what the strata corporation is required to insure under the Strata Property Act, as well as ... Welcome to Strata Insurance. Badly managed Insurance processes cause anxiety and stress for you, your Owners Corporation Management colleagues.