The ‘legal person’ who owns the strata plan is ‘The Owners Corporation’. That ‘person’ can take out an insurance policy, just like any other person. Ownership is not ceded by taking out an insurance policy.
The ‘legal person’ who owns the strata plan is ‘The Owners Corporation’. That ‘person’ can take out an insurance policy, just like any other person. Ownership is not ceded by taking out an insurance policy.