Strata Insurance
Strata Insurance
Strata Insurance in UAE is essential for jointly owned properties such as apartment buildings, office towers, and mixed-use developments. It protects common areas like roofs, hallways, elevators, parking, and shared facilities from risks such as fire, water damage, and structural issues. This type of insurance is mandatory for property owners' associations and ensures compliance with UAE strata regulations.
Strata Insurance covers the building’s structure, common property contents, and legal liability for incidents in shared spaces. Optional extensions include machinery breakdown, natural disaster protection, and office bearers’ liability. It does not cover personal items inside individual units—owners should get separate home content insurance. By securing strata coverage, property stakeholders reduce risk and avoid costly disputes. New Shield Insurance Brokers in UAE offers customized strata insurance solutions to match your property’s unique needs. Protect your shared investments with reliable and compliant coverage. Get in touch with NSIB for expert guidance and competitive quotes.