Residential Strata Plan

Coverages: Strata - Residential

A Residential Strata Plan involves properties like apartments, units, villas, and townhouses where multiple owners share ownership of common areas such as driveways, lifts, and pools. In Australia, legislation typically requires these properties to maintain strata insurance, covering common property against events like theft, storms, water damage, fire, and accidental or malicious damage. Additionally, this insurance provides liability coverage for personal injuries related to the insured property.