Strata Insurance Policies, and particularly those arranged by Strata Manager / Commission Agents, seem to routinely include a whole lot of optional policies for risks that some Owners Corporations aren’t exposed to at all, or where on the basis of a risk assessment, exposure is minimal.
HERE is an example.
Owners Corporations really need to undertake that risk assessment and then shop-around before considering that AGM Item about routinely renewing their mandatory Strata Insurance Policy.