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Strata

strata-insurance
Strata insurance provides general cover for buildings and/or common property, such as a residential apartment building or office building.

What does strata insurance cover?

Strata insurance is similar to general residential or commercial building insurance, where common physical parts of the property are insured against damage. This damage can be both either natural or as a result of accidental or deliberate forces, and also includes vandalism.

Strata insurance also covers specific areas that are used by either residents or commercial tenants of your strata complex, such as:

  • Any car parks, both above and below ground, that are present on the property.
  • All purpose facilities, such as stairwells, lifts, and swimming pools.
  • All infrastructure within the property, such as electrical and plumbing systems.
  • Office bearers liability.
  • Voluntary workers.
  • Machinery breakdown.
  • Legal expenses.
  • Fidelity guarantee/theft of funds.
  • Audit costs.
  • Workplace health & safety breaches.

We’ll help you get the most out of your strata insurance policy

Global Insurance Solutions can help you obtain an insurance policy that will specifically suit the needs and nature of your strata title or body corporate operated building. To find out more about how we can help you, please do not hesitate to contact us today on 1300 710 685.