Strata insurance is insurance that the owners corporation (also known as the body corporate) is obliged to take out to cover the building, common property and common area contents of a strata scheme.
Insurance is available for both residential strata and commercial strata properties. It is mandatory to hold strata insurance which conforms to each state’s relevant legislation in Australia.
Strata contents insurance will cover your household and personal possessions such as clothing, jewellery, furniture, TV, computers, carpets and electrical appliances.
Strata contents insurance will cover your household and personal possessions such as clothing, jewellery, furniture, TV, computers, carpets and electrical appliances.
If you’re looking at self-managing your strata property insurance you may be unclear what residential strata building insurance is, why you need it and what
Types of strata insurance needed include building insurance, public liability insurance, workers compensation insurance and voluntary workers insurance.
I know that obtaining the required type and amount of body corporate insurance is proving to be a challenge for some bodies corporate, particularly in
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