WaterscapesCommunity.com
Insurance
Information
Insurance Information
Insurance Guidelines
This page was last updated on January 18, 2024
This information is provided for you by the strata and is for your general information only. It is the sole responsibility on each owner/tenant to know their particular insurance needs. This information is not to be taken as legal advice.
Download the Insurance Summary to take to your insurance agent. Click Here
Questions You May be Asked
Distance to Fire Hydrant - within 150 meters
Type of Heating
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Electric Heat Pump for Skye Tower and Baseboard
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PTAC Heat Pump and Baseboard for Lowrise
Type of Plumbing - Pex
Type of Wiring - Copper
Type of Roofing
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Torch-on Skye Tower
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Asphalt Lowrise
How Many Stories
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Skye Tower 26 Residential Stories
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Lowrise 4 Stories
Points to Consider
Our strata is responsible to have adequate full replacement value insurance for the common property, common assets, buildings on the strata plan and fixtures. Each owner should carry their own insurance that will cover the strata deductibles.
When an owner is purchasing insurance they should provide a copy of the strata's "Summary of Insurance" to the broker. A copy is included with your Annual General Meeting Notice and available from the link at the top of this page. It is the responsibility of each owner to obtain insurance for their strata lot for content and liability and improvements to a strata lot.
It is the responsibility of each tenant to obtain insurance for their content and liability.
Each owner should review the "Certificate of Insurance" which outlines the insured perils, limits of coverage and applicable deductibles. It is encouraged that each owner and tenant maintain a secondary living expense fund. The strata's insurance does not cover these costs.
Insurance Coverages and Wording
Who Pays?
Loss Or Damage In Strata Properties
Who Pays the Deductible?
Deductible Charge Backs in Strata Claims
Unit Owners Responsibility