Most condo owners assume the building’s policy covers everything. It does not. Strata insurance and a personal condo policy are two different things, and the difference only becomes visible when something goes wrong.
When a leak happens and there is no suitable personal policy behind it, the owner can be left carrying repair costs — and sometimes a loss they never saw coming.
In this piece Alfred explains why a personal condo policy is not optional, and how to think about protecting the property behind it. The video is in Chinese.
Originally published on Guaranti’s YouTube channel.