A strata corporation’s earthquake policy does not necessarily cover an owner’s belongings, interior improvements or every cost that could follow a quake. Coverage limits, deductibles and the possibility of an owner assessment need separate attention.
This short explains the distinction between the building’s policy and an individual owner’s coverage. Actual protection depends on the policy wording and a review with a licensed insurance advisor. This is general information, not insurance advice.
Alfred He narrates in Mandarin, with Simplified Chinese and English subtitles.
Originally published on Guaranti’s YouTube channel.