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STRATA CORPORATION EARTHQUAKE DEDUCTIBLE ASSESSMENT INSURANCE APPLICATIONInsured(s) Mailing AddressPostal CodeLocationPostal CodeINDIVIDUAL UNIT OWNER IS POLICY INFORMATION Unit Owners Personal Overlying

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How to fill out strata corporation earthquake deductible

01

Obtain a copy of the strata corporation earthquake deductible policy.

02

Familiarize yourself with the specific requirements and limits of the policy.

03

Contact your strata corporation to determine if the earthquake deductible needs to be filled out by individual unit owners or by the corporation as a whole.

04

If required, gather the necessary information such as unit numbers, owner names, and insurance details.

05

Fill out the earthquake deductible form accurately and completely, following any provided instructions or guidelines.

06

Review the completed form for any errors or missing information.

07

Submit the filled-out form to the designated authority or insurance provider.

08

Keep a copy of the filled-out form for your records.

Who needs strata corporation earthquake deductible?

01

Strata corporations, also known as condominium or housing associations, typically need strata corporation earthquake deductible. It is a form of insurance that helps protect the collective financial interests of the strata corporation and its members in the event of earthquake damage. Individual unit owners may also benefit from the coverage provided by this deductible as it can help offset the costs associated with repairing common property or shared elements affected by an earthquake.

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What is strata corporation earthquake deductible?

Strata corporation earthquake deductible is the amount of money that the strata corporation must pay before the insurance coverage for earthquake damage kicks in.

Who is required to file strata corporation earthquake deductible?

The strata corporation's designated representative or property manager is typically responsible for filing the strata corporation earthquake deductible.

How to fill out strata corporation earthquake deductible?

To fill out the strata corporation earthquake deductible, the designated representative must gather information on the property, insurance coverage, and any past claims before submitting the form to the insurance company.

What is the purpose of strata corporation earthquake deductible?

The purpose of the strata corporation earthquake deductible is to ensure that the strata corporation has some financial responsibility in the event of an earthquake, while the insurance coverage provides additional protection.

What information must be reported on strata corporation earthquake deductible?

The information that must be reported on the strata corporation earthquake deductible includes the property address, insurance policy details, deductible amount, and any past earthquake damage claims.

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