Strata buildings require insurance

Strata buildings require insurance

Experts in the insurance industry claim that majority of buildings in Dubai are under-insured or uninsured completely

* By Deepthi Nair, Sub Editor

* Published: 00:00 December 1, 2010

* Property

Dubai: Apart from collecting service charge arrears and putting sinking funds in place, owner associations (OAs) will also need to insure buildings for their ?full replacement value’ under the Jointly Owned Property Regulations.

via gulfnews : Strata buildings require insurance.