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Commercial Strata Insurance Policy Wording and Product Disclosure Statement (PDS)Preparation Date 17 December 2020 Effective Date 5 April 2021SURA PTY LTDCommercial Strata Insurance Policy Wording

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What is commercial strata insurance plan?

A commercial strata insurance plan provides coverage for common property and liability risks within a commercial strata scheme, protecting the interests of the owners and tenants.

Who is required to file commercial strata insurance plan?

The owners' corporation or body corporate of a commercial strata property is typically required to file the commercial strata insurance plan.

How to fill out commercial strata insurance plan?

To fill out a commercial strata insurance plan, gather necessary property details, assess coverage needs, and complete the application form provided by the insurance provider accordingly.

What is the purpose of commercial strata insurance plan?

The purpose of a commercial strata insurance plan is to safeguard the property and members of the strata from financial loss due to damages, accidents, or liability claims.

What information must be reported on commercial strata insurance plan?

Information reported must include property details, value assessments, coverage limits, and any previous insurance claims or incidents.

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