Specialized coverage for common property and shared assets in strata complexes.
Specialized coverage for common property and shared assets in strata complexes.
This multi-class package policy addresses the diverse risks associated with jointly owned properties. It provides comprehensive protection not only for the buildings but also for the owners’ association, individual unit owners, and board members, ensuring everyone involved is safeguarded.
Key Protection Features
Key components of this policy include coverage for buildings and alternative accommodation, liability to others, voluntary workers, workers’ compensation, employer’s liability, fidelity guarantee, board members’ legal liability, and machinery breakdown. This insurance is tailored to meet the unique needs of jointly owned properties, ensuring compliance with ownership regulations while protecting your investments.
Loss of profits business interruption insurance supports income during operational disruptions caused by unexpected events.
Coverage for strikes, riots, and civil commotions protects against financial losses from social unrest.
Loss of rent coverage protects landlords from lost income while properties undergo necessary repairs.
Third-party liability coverage safeguards property owners from tenant or neighbor claims, covering potential legal issues.
Coverage for architects, surveyors, legal, and consulting fees aids recovery efforts after property damage.
Coverage for architects, surveyors, legal, and consulting fees aids recovery efforts after property damage.
Malicious damage insurance compensates for losses due to vandalism or intentional harm to property.
Coverage for debris removal expenses helps manage cleanup costs after property loss or damage.
Coverage for fire brigade charges and extinguishing expenses supports costs for emergency services during incidents.
We believe insurance is about trust, clarity, and long-term protection—not confusion or fine print.
