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Strata Insurance
The Strata Insurance is a multi class insurance policy specifically designed to insure jointly owned properties by multiple stakeholders such as Unit owners, Owners Associations, Developers and Strata Management Companies in compliance with Ownership of Dubai’s Jointly Owned Properties Law No.27 of 2007.
The key risks covered under the Strata Insurance policy are as follows:
- Building and Common Area Contents
- Alternative Accommodation
- Legal Liability to Third Parties
- Fidelity Guarantee
- Personal Accident / Workmen Compensation / Employers Liability
- Board Member / Office Bearers / Management Committee Liability
- Machinery Breakdown
