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Residential Strata Insurance Policy Wording and Product Disclosure Statement (PDS)Preparation Date: 27 July 2021 Effective Date: 05 October 2021Longitude InsuranceResidential Strata Insurance1Table
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01
Start by reading the instructions provided on the residential strata PDS product.
02
Fill out your personal details accurately, including your name, address, and contact information.
03
Provide information about the residential strata property, including its address, type of building, and number of units.
04
Disclose any previous claims made on the property or any insurance policies that have been cancelled or refused.
05
Review the completed form for accuracy and make any necessary corrections before submitting it.

Who needs residential strata pds product?

01
Property owners who are part of a residential strata scheme.
02
Property managers responsible for maintaining residential strata properties.
03
Insurance companies looking to provide coverage for residential strata properties.
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Residential strata pds product is a document that provides details about the physical condition and financial health of a residential strata property.
Owners or corporations that own residential strata properties are required to file the residential strata pds product.
To fill out a residential strata pds product, owners or corporations need to provide information about the property's condition, finances, and any existing issues.
The purpose of residential strata pds product is to inform potential buyers or stakeholders about the property's status before making any transactions.
Information such as maintenance records, financial statements, insurance coverage, bylaws, and any pending legal actions must be reported on residential strata pds product.
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